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

| 1      | Definitions                                                                     | 2       |
|--------|---------------------------------------------------------------------------------|---------|
|   |                                                                            |    |
| 2      | Consent of the Creditors                                                        | 3       |
|   |                                                                            |    |
| 3      | Amendments to the Principal Agreement and the Principal Aegean Marine Guarantee | 4       |
|   |                                                                            |    |
| 4      | Representations and warranties                                                  | 5       |
|   |                                                                            |    |
| 5      | Conditions                                                                      |  7 |
|   |                                                                            |    |
| 6      | Security Parties' confirmations                                                 | 7       |
|   |                                                                            |    |
| 7      | Expenses                                                                        | 8       |
|   |                                                                            |    |
| 8      | Miscellaneous and notices                                                       | 8       |
|   |                                                                            |    |
| 9      | Applicable law                                                                  | 9       |

| Schedule 1 Names and addresses of the Banks                        | 10     |
|--------------------------------------------------------------------|--------|
|                                                               |   |
| Schedule 2 Documents and evidence required as conditions precedent | 11     |

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| (1) | KITHNOS MARITIME 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 (the "Kithnos Borrower"); |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | PAROS 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 "Paros Borrower"); |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | SANTORINI I MARITIME LIMITED (formerly known as SANTORINI I MARITIME INC. and having redomiciled from the Republic of the Marshall Islands), a corporation registered under the laws of the Republic of Cyprus with registration number HE 277602 and having its registered office at Vyronos 36, Nicosia Tower Centre, 1906 Nicosia, Cyprus (the "Santorini Borrower"); |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

| (5) | NAXOS 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 "Naxos Borrower" and, together with the Kithnos Borrower, the Paros Borrower, the Serifos Borrower and the Santorini Borrower, the "Borrowers"); |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | AEGEAN BALTIC BANK S.A., a company incorporated under the laws of Greece having its registered office at 217A Kifissias Ave., 151 24 Maroussi, Greece in its capacity as arranger (the "Arranger"); |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | AEGEAN BALTIC BANK S.A., a company incorporated under the laws of Greece having its registered office at 217A Kifissias Ave., 151 24 Maroussi, Greece in its capacity as agent for the Banks and the Swap Providers (the "Agent"); |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | AEGEAN BALTIC BANK S.A., a company incorporated under the laws of Greece having its registered office at 217A Kifissias Ave., 151 24 Maroussi, Greece in its capacity as account bank (the "Account Bank"); |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (9) | THE BANKS AND FINANCIAL INSTITUTIONS whose names and addresses are set out in schedule 1 as lenders (the "Banks"); |
|-----|--------------------------------------------------------------------------------------------------------------------|

| (10) | AEGEAN BALTIC BANK S.A., a company incorporated under the laws of Greece having its registered office at 217A Kifissias Ave., 151 24 Maroussi, Greece in its capacity as swap provider (the "ABB Swap Provider"); |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (11) | HSH NORDBANK AG, a company incorporated under the laws of Germany acting through its office at Gerhart-Hauptmann-Platz 50, 20095 Hamburg, Germany in its capacity as swap provider (the "HSH Swap Provider" and, together with the ABB Swap Provider, the "Swap Providers"); |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (12) | AEGEAN BALTIC BANK S.A., a company incorporated under the laws of Greece having its registered office at 217A Kifissias Ave., 151 24 Maroussi, Greece in its capacity as security agent and trustee for and on behalf of the Agent, the Banks and the Swap Providers (the "Security Agent"); |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (13) | 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 in its capacity as corporate guarantor (the "Aegean Bunkering Guarantor"); |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (14) | 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 in its capacity as manager (the "Manager"); |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (15) | AEGEAN MARINE PETROLEUM NETWORK 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 (the "Aegean Marine Guarantor"); and |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (16) | AEGEAN SHIPHOLDINGS 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 (the "Aegean Shipholdings Guarantor" and, together with the Aegean Bunkering Guarantor and the Aegean Marine Guarantor, the "Corporate Guarantors"). |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

|   | (a) | the loan agreement dated 30 August 2005 as amended and restated by a supplemental agreement dated 8 June 2007, a second supplemental agreement dated 20 November 2007, a third supplemental agreement dated 25 November 2008, a fourth supplemental agreement dated 7 January 2009, a fifth supplemental agreement dated 20 March 2009 and a sixth supplemental agreement dated 27 January 2011 (together the "PrincipalAgreement") made between, inter alios, (1) the Borrowers as joint and several borrowers, (2) the Banks, (3) the Agent, (4) the Account Bank, (5) the Arranger, (6) the Security Agent, (7) the Swap Providers, (8) the Corporate Guarantors and (9) the Manager, relating to a loan of up to Thirty five million five hundred thousand Dollars ($35,500,000), of which the principal amount outstanding at the date hereof is Twenty eight million five hundred and forty thousand Dollars ($28,540,000) advanced by the Banks to the Borrowers for the purposes stated therein; and |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the corporate guarantee dated 8 June 2007 as amended by the sixth supplemental agreement dated 27 January 2011 referred to above (together the "Principal Aegean Marine Corporate Guarantee") made between the Aegean Marine Guarantor and the Security Agent in connection with the Principal Agreement; and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | this Agreement sets out the terms and conditions upon which the Creditors (as defined below) shall, at the request of the Borrowers, provide their consent to certain amendments to the terms and conditions applicable to the Principal Agreement and the Principal Aegean Marine Corporate Guarantee requested for by the Borrowers and agreed by the Creditors. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

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

| 3.1.2 | by deleting the definition of "Margin" in clause 1.2 of the Principal Agreement and by inserting in its place the following new definition of "Margin": |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | from the Drawdown Date of the first Contract Instalment Advance of such Tranche to be drawn down up to the day falling immediately prior to the Drawdown Date of the Delivery Advance of such Tranche, one point four zero per cent (1.40%) per annum; |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | from the Drawdown Date of the Delivery Advance of such Tranche and until 31 December |
|--------|-----|--------------------------------------------------------------------------------------|

|   | 2010, one point three zero per cent (1.30%) per annum; and |
|--------|------------------------------------------------------------|

|   | (c) | from 1 January 2011 and at all times thereafter, one point five five per cent (1.55%) per |
|--------|-----|-------------------------------------------------------------------------------------------|

|   | annum;"; |
|--------|----------|

| 3.1.3 | by inserting the words ", the Seventh Supplemental Agreement" after the words "the Sixth Supplemental Agreement" in the definition of "Security Documents" in clause 1.2 of the Principal Agreement; |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.4 | by deleting the definition of "Security Requirement" in clause 1.2 of the Principal Agreement and by inserting in its place the following new definition of "Security Requirement": |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | during the period commencing on the earlier of (i) the Drawdown Date of the last Delivery Advance to be drawn down and (ii) the last day of the Drawdown Period to elapse, and ending on 22 June 2011, one hundred and twenty five per cent (125%) of the aggregate of (A) the Loan and (B) the aggregate Swap Exposure under both Master Swap Agreements; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | during the period commencing on 23 June 2011 and ending on 7 January 2014 (the "Adjustment Date"), one hundred and thirty per cent (130%) of the aggregate of (A) the Loan and (B) the aggregate Swap Exposure under both Master Swap Agreements; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | during the period commencing on the date falling immediately after the Adjustment Date and ending on the date when all amounts owing under this Agreement and the other Security Documents have been paid in full, one hundred and thirty five per cent (135%) of the aggregate of (A) the Loan and (B) the aggregate Swap Exposure under both Master Swap Agreements;"; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 3.1.5 | by inserting the following new definition of "Seventh Supplemental Agreement" in the correct alphabetical order in clause 1.2 of the Principal Agreement: |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2.1 | by deleting clause 5.3.1 of the Principal Aegean Marine Guarantee 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 the Total Commitment remains outstanding, it will ensure that, at the end of each Accounting Period: |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

|   | (b) | Leverage |
|--------|-----|----------|

|   | (c) | Current Ratio |
|--------|-----|---------------|

|   | (d) | Liquidity Ratio |
|--------|-----|-----------------|

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

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| 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 |
|-------|-------------------|

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| 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. |
|-------|---------------------------------------------------------------------------------------|

| 6.1.1 | each Corporate Guarantee and the obligations of the relevant Corporate Guarantor thereunder, shall remain and continue in full force and effect notwithstanding the amendments to the Principal Agreement and the amendments to the Principal Aegean Marine Guarantee contained in this Agreement; and |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.1.2 | with effect from the Effective Date: |
|-------|--------------------------------------|

|   | (a) | references in each Corporate Guarantee to "the Agreement" or "the Loan Agreement" (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; and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | references in each Corporate Guarantee to "the Aegean Marine Guarantee" (or equivalent or similar references) shall henceforth be references to such document as amended and supplemented 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. |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.2.1 | the Security Documents to which such Relevant Party is a party and the obligations of the relevant Relevant Party thereunder, shall remain and continue in full force and effect notwithstanding the amendments to the Principal Agreement and the amendments to the Principal Aegean Marine Guarantee contained in this Agreement; and |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 6.2.2 | with effect from the Effective Date: |
|-------|--------------------------------------|

|   | (a) | references in the Security Documents to which such Relevant Party is a party to "the Agreement" or "the Loan Agreement" (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; and |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | references in the Security Documents to which such Relevant Party is a party to the "Aegean Marine Guarantee" (or equivalent or similar references) shall henceforth be references to such document as amended and supplemented 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. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.1.1 | 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, together with interest at the rate and in the manner referred to in clause 3.4 of the Principal Agreement from the date on which such expenses were incurred to the date of payment (as well after as before judgment). |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|  Name               | Lending office and contact details                                                                                                                                                                                                                                                                                                                                                                       |
|-------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  Aegean Baltic Bank S.A. |  Lending Office Aegean Baltic Bank S.A217A Kifissias Ave.151 24 MaroussiGreece Address for Notices Aegean Baltic Bank S.A.217A Kifissias Ave.151 24 MaroussiGreece Fax:          +30 210 623 4192Attn:          Business Development                                        |
|  HSH Nordbank AG         |  Lending Office HSH Nordbank AGGerhart-Hauptmann-Platz 5020095 HamburgGermany Address for Notices HSH Nordbank AGGerhart-Hauptmann-Platz 5020095 HamburgGermany Fax:          +49 40 33 33 34 118Attn:       Credit Risk Management - Shipping, Structuring & Analysis Greece / Southern Europe  |

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|   | (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 |
|--------|-----|---------------------------|

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| BORROWERS                                                                                                                                |   |                     |
|------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------|
|                                                                                                                                     |   |                     |
| EXECUTED as a DEED by Y. Koumbiadou                                                                                                      | )      |                     |
| for and on behalf of each of the following                                                                                               | )      | /s/ Y. Koumbiadou        |
| corporations                                                                                                                             | )      | Attorney-in-Fact         |
| KITHNOS MARITIME INC.                                                                                                                    | )      |                     |
| NAXOS SHIPPING (PTE.) LTD.                                                                                                               | )      |                     |
| PAROS SHIPPING (PTE.) LTD.                                                                                                               | )      |                     |
| SERIFOS SHIPPING (PTE.) LTD.                                                                                                             | )      |                     |
| in the presence of:                                                                                                                      | )      |                     |
|                                                                                                                                     |   |                     |
| /s/ Anthi Kekatou                                                                                                                        |   |                     |
| Witness                                                                                                                                  |   |                     |
| Name:               Anthi Kekatou                                  |   |                     |
| Address:          Solicitor                                                            |   |                     |
| Occupation:     Norton Rose LLP                                                                                      |   |                     |
|                                                                                                                                     |   |                     |
|                                                                                                                                     |   |                     |
| EXECUTED as a DEED by Y. Koumbiadou                                                                                                      | )      |                     |
| for and on behalf of                                                                                                                     | )      | /s/ Y. Koumbiadou        |
| SANTORINI I MARITIME LIMITED(formerly known as SANTORINI I MARITIME INC.and having redomiciled from the Republic of theMarshall Islands) | ))))   | Attorney-in-Fact         |
| in the presence of:                                                                                                                      | )      |                     |
|                                                                                                                                     |   |                     |
|                                                                                                                                     |   |                     |
| Creditors                                                                                                                                |   |                     |
|                                                                                                                                     |   |                     |
| SIGNED by Filippos E. Tsamanis                                                                                                           | )      |                     |
| and by I. Tobrou                                                                                                                         | )      | /s/ Filippos E. Tsamanis |
| for and on behalf of                                                                                                                     | )      | Authorised Signatory     |
| AEGEAN BALTIC BANK S.A.                                                                                                                  | )      |                     |
| as Arranger, Agent, Security Agent, Account Bank,                                                                                        | )      |                     |
| Swap Provider and Bank                                                                                                                   | )      | /s/ I. Tobrou            |
| in the presence of:                                                                                                                      | )      | Authorised Signatory     |
|                                                                                                                                     |   |                     |
|                                                                                                                                     |   |                     |
| SIGNED by A. Kekatou                                                                                                                     | )      |                     |
| For and on behalf of                                                                                                                     | )      | /s/ Anthi Kekatou        |
| HSH NORDBANK AG                                                                                                                          | )      | Authorised Signatory     |
| as Swap Provider and Bank                                                                                                                | )      |                     |
|                                                                                                                                     |   |                     |
| Security Parties                                                                                                                         |   |                     |
|                                                                                                                                     |   |                     |
| EXECUTED as a DEED by Y. Koumbiadou                                                                                                      | )      |                     |
| for and on behalf of                                                                                                                     | )      | /s/ Y. Koumbiadou        |
| AEGEAN BUNKERING SERVICES INC.                                                                                                           | )      | Attorney-in-Fact         |
| as Corporate Guarantor and Manager                                                                                                       | )      |                     |
| in the presence of:                                                                                                                      | )      |                     |
|                                                                                                                                     |   |                     |
| /s/ Anthi Kekatou                                                                                                                        |   |                     |
| Witness                                                                                                                                  |   |                     |
| Name:               Anthi Kekatou                             |   |                     |
| Address:          Solicitor                                                            |   |                     |
| Occupation:     Norton Rose LLP                                                                                      |   |                     |
|                                                                                                                                     |   |                     |
|                                                                                                                                     |   |                     |
|                                                                                                                                     |   |                     |

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| EXECUTED as a DEED by Y. Koumbiadou  | ) |              |
|--------------------------------------|---|-------------------|
| for and on behalf of                 | ) | /s/ Y. Koumbiadou |
| AEGEAN MARINE PETROLEUM NETWORK INC. | ) | Attorney-in-Fact  |
| as Corporate Guarantor               | ) |              |
| in the presence of:                  | ) |              |

| /s/ Anthi Kekatou                                                                                            |   |   |
|--------------------------------------------------------------------------------------------------------------|--------|--------|
| Witness                                                                                                      |   |   |
| Name:               Anthi Kekatou |   |   |
| Address:          Solicitor                                |   |   |
| Occupation:     Norton Rose LLP                                                          |   |   |

| EXECUTED as a DEED by Y. Koumbiadou | ) |              |
|-------------------------------------|---|-------------------|
| for and on behalf of                | ) | /s/ Y. Koumbiadou |
| AEGEAN SHIPHOLDINGS INC.            | ) | Attorney-in-Fact  |
| as Corporate Guarantor              | ) |              |
| in the presence of:                 | ) |              |

| /s/ Anthi Kekatou                                                                                            |   |   |
|--------------------------------------------------------------------------------------------------------------|--------|--------|
| Witness                                                                                                      |   |   |
| Name:               Anthi Kekatou |   |   |
| Address:          Solicitor                                     |   |   |
| Occupation:     Norton Rose LLP                                                          |   |   |

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