----

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

| 1. | Definitions  | 4 |
|----|-------------------|---|

| 2. | Agreement of Bank  | 5 |
|----|-------------------------|---|

| 3. | Amendments to the Principal Agreement  | 5 |
|----|---------------------------------------------|---|

| 4. | Representations and warranties  | 6 |
|----|--------------------------------------|---|

| 5. | Conditions  | 7 |
|----|------------------|---|

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

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

| 8. | Miscellaneous and notices  | 9 |
|----|---------------------------------|---|

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

| Schedule 1  Documents and evidence required as conditions precedent | 11 |
|--------------------------------------------------------------------------|----|

----

| (1) | ANDROS MARINE INC., a corporation incorporated under the laws of the Republic of Liberia having its registered office at 80 Broad Street, Monrovia, Liberia (the "Andros Borrower"); |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | DILOS MARINE INC., a corporation incorporated under the laws of the Republic of Liberia having its registered office at 80 Broad Street, Monrovia, Liberia (the "Dilos Borrower"); |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | IOS SHIPPING LTD, a corporation incorporated under the laws of the Republic of Malta having its registered office at 25/16 Vincenti Buildings, Strait Street, Valletta, VLT 1432, Republic of Malta (the "Ios Borrower"); |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | ANAFI SHIPPING (PTE.) LTD., a company incorporated under the laws of Singapore having its registered office at 22 Jalan Kilang, #06-01 Mova Building, Singapore 159419 (the "Anafi Borrower"); |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | AEGEAN VII SHIPPING LTD, a company incorporated under the laws of the Republic of Malta having its registered office at 25/16 Vincenti Buildings, Strait Street, Valletta, VLT 1432, Republic of Malta, (the "Tinos Borrower" and, together with the Andros Borrower, the Dilos Borrower, the los Borrower and the Anafi Borrower, the "Borrowers"); |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | THE ROYAL BANK OF SCOTLAND PLC, whose registered office is at 36 St. Andrew Square, Edinburgh EH2 2YB, Scotland acting through its office at 45 Akti Miaouli, 185 36 Piraeus, Greece (the "Bank"); |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | AEGEAN BUNKERING SERVICES INC., a corporation incorporated under the laws of the Republic of the Marshall Islands having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 as manager (the "Manager"); and |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | AEGEAN MARINE PETROLEUM NETWORK INC., a corporation incorporated in the Marshall Islands with its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 as corporate guarantor (the "Corporate Guarantor"). |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (A) | this Agreement is supplemental to the loan agreement dated 5 July 2007 (the "Original Agreement"), as amended and/or restated and/or supplemented by a first supplemental agreement dated 12 September 2008 (the "First Supplemental Agreement"), a second supplemental agreement dated 5 February 2010 (the "Second Supplemental Agreement"), a third supplemental agreement dated 11 February 2011 (the "Third Supplemental Agreement"), a fourth supplemental agreement dated 6 April 2011 (the "Fourth Supplemental Agreement"), a supplemental letter dated 23 June 2011 (the "Supplemental Letter"), a fifth supplemental agreement dated 4 August 2011 (the "Fifth Supplemental Agreement"), a sixth supplemental agreement dated 8 August 2011 (the "Sixth Supplemental Agreement"), a seventh supplemental agreement dated 17 August 2012 (the "Seventh Supplemental Agreement") and an eighth supplemental agreement dated 20 November 2012 (the "Eighth Supplemental Agreement" and, together with the Original Agreement, the First Supplemental Agreement, the Second Supplemental Agreement, the Third Supplemental Agreement, the Fourth Supplemental Agreement, the Supplemental Letter, the Fifth Supplemental Agreement, the Sixth Supplemental Agreement and the Seventh Supplemental Agreement, the "Principal Agreement") made between, inter alios, the Borrowers and the Bank relating to a loan facility of up to $43,160,000 to be used for the purposes stated therein (of which the principal amount outstanding on the date of this Agreement is $33,096,300); |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | the Borrowers have requested that the Bank provide its consent to the change of flag of the Ship (as defined below) from the flag of Hong Kong to the flag of Singapore; and |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| (C) | this Agreement sets out the terms and conditions upon which the Bank shall, at the request of the Borrowers, provide its consent to: |
|-----|--------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | said change of flag of the Ship; and |
|--------|-----|--------------------------------------|

|   | (b) | certain other amendments to the terms and conditions applicable to the Principal Agreement requested for by the Borrowers and agreed by the Bank. |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------|

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

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

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

----

| 1.3 | Principal Agreement |
|-----|---------------------|

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

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

| 2. | Agreement of Bank |
|----|-------------------|

| 2.1 | Agreement |
|-----|-----------|

| 2.2 | Discharge of Existing Mortgage |
|-----|--------------------------------|

| 3. | Amendments to the Principal Agreement |
|----|---------------------------------------|

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

----

| 3.1.1 | by deleting the definitions of "Sifnos Deed of Covenant" and "Sifnos Mortgage" in clause 1.2 of the Principal Agreement in their entirety and by inserting in their place the following new definitions in the correct alphabetical order: |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | ""Sifnos Deed of Covenant" means the first priority deed of covenant collateral to the Sifnos Mortgage executed or (as the context may require) to be executed by the Sifnos Borrower in favour of the Bank in such form as the Bank may require in its sole discretion; |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

| 3.1.3 | by deleting the definition of "Supplemental Agreements" in clause 1.2 of the Principal Agreement in its entirety and by inserting in its place the following new definition of "Supplemental Agreements": |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.4 | by deleting the following ", which shall include the filing and registration of the Security Documents against the Sifnos Borrower at the Hong Kong Companies Registry within the timeframe stipulated under the Companies Ordinance (Cap 32) of the laws of Hong Kong" at the end of clause 13.3 of the Principal Agreement. |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | 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 Default having occurred and continuing at the time of the Effective Date. |
|-------|------------------------------------------------------------------------------|

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

| 6. | Relevant Parties' confirmations |
|----|---------------------------------|

| 6.1 | Corporate Guarantee |
|-----|---------------------|

| 6.1.1 | the Corporate Guarantee and the obligations of the Corporate Guarantor thereunder, shall remain and continue in full force and effect notwithstanding the transfer of the Ship from the Existing Flag State to the New Flag State, the amendments to the Principal Agreement, the discharge of the Existing Mortgage and the other arrangements contained in this Agreement; and |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.1.2 | with effect from the Effective Date references in the Corporate Guarantee to the "Agreement" or the "Facility Agreement" or the "Loan Agreement" (or similar or equivalent references) shall henceforth be references to the Principal Agreement as amended by this Agreement and as from time to time hereafter amended and shall also be deemed to include this Agreement and the obligations of the Borrowers hereunder. |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2 | Security Documents |
|-----|--------------------|

| 6.2.1 | the Security Documents to which such Relevant Party is a party and the obligations of such Relevant Party thereunder, shall remain and continue in full force and effect notwithstanding the transfer of the Ship from the Existing Flag State to the New Flag State, the said amendments to, the Principal Agreement, the discharge of the Existing Mortgage and the other arrangements contained in this Agreement; and |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2.2 | with effect from the Effective Date references in the Security Documents to which such Relevant Party is a party to the "Agreement" or the "Facility Agreement" or the "Loan Agreement" (or similar or equivalent references) shall henceforth be references to the Principal Agreement as amended by this Agreement and as from time to time hereafter amended and shall also be deemed to include this Agreement and the obligations of the Borrowers hereunder. |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 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 and the other Relevant Documents; |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.1.2 | in contemplation of, or otherwise in connection with, the enforcement of, or preservation of any rights under this Agreement or any of 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 |
|-----|--------------|

| 8.3 | Borrowers' obligations |
|-----|------------------------|

----

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

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

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

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

----

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

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

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

|   | (1) | being true and correct; |
|--------|-----|-------------------------|

|   | (2) | being duly passed at meetings of the directors of such Relevant Party and of the shareholders of such Relevant Party each duly convened and held; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (3) | not having been amended, modified or revoked; and |
|--------|-----|---------------------------------------------------|

|   | (4) | being in full force and effect |
|--------|-----|--------------------------------|

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

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

----

| 3. | Ship conditions |
|----|-----------------|

|   | (a) | Registration and Encumbrances |
|--------|-----|-------------------------------|

|   | (b) | Insurance |
|--------|-----|-----------|

|   | (c) | Classification |
|--------|-----|----------------|

| 4. | New Mortgage registration |
|----|---------------------------|

| 5. | Notices of Assignment |
|----|-----------------------|

| 6. | Deletion |
|----|----------|

| 7. | Relevant Documents |
|----|--------------------|

| 8. | Registrations |
|----|---------------|

| 9. | Legal opinions |
|----|----------------|

| 10. | Process agent |
|-----|---------------|

----

| EXECUTED as a DEED by Y. Koumbiadoufor and on behalf of each of the following corporations:ANDROS MARINE INC.DILOS MARINE INC.IOS SHIPPING LTDAEGEAN VII SHIPPING LTDas Borrowersin the presence of:                                                               | ))))))))                              |     /s/ Y. Koumbiadou                                    Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    /s/ Anthi Kekatou                                    Witness |                                  |                                                                                                                                                                                                                                                                              |
| Name:Address:Occupation:                                                                                                                                                                                                                                           | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                              |   |

| SIGNED, SEALED and DELIVERED as a DEEDby Y. Koumbiadoufor and on behalf ofANAFI SHIPPING (PTE.) LTD.as Borrowerin the presence of:                                                                                                                                 | ))))))                                |     /s/ Y. Koumbiadou                                    Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    /s/ Anthi Kekatou                                    Witness |                                  |                                                                                                                                                                                                                                                                              |
| Name:Address:Occupation:                                                                                                                                                                                                                                           | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                              |   |

| EXECUTED as a DEEDby A. Damianidoufor and on behalf ofTHE ROYAL BANK OF SCOTLAND PLCas Bankin the presence of:                                                                                                                                                     | )))))                                 |    /s/ A. Damianidou                                   Attorney-in-fact |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|    /s/ Anthi Kekatou                                    Witness |                                  |                                                                                                                                                                                                                                                                  |
| Name:Address:Occupation:                                                                                                                                                                                                                                           | Anthi KekatouSolicitorNorton Rose LLP |                                                                                                                                                                                                                                                                  |   |

----

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

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

----