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| Clause                                                             |                                                                | Page     |
|--------------------------------------------------------------------|---------------------------------------------------------------------|----------|
|                                                               |                                                                |     |
|                                                               |                                                                |     |
| 1                                                                  | Definitions                                                         |  4  |
|                                                               |                                                                |     |
| 2                                                                  | Agreement of the Bank                                               | 5        |
|                                                               |                                                                |     |
| 3                                                                  | Amendments to Principal Agreement and Principal Corporate Guarantee |  5  |
|                                                               |                                                                |     |
| 4                                                                  | Representations and warranties                                      |  7  |
|                                                               |                                                                |     |
| 5                                                                  | Conditions                                                          |  8  |
|                                                               |                                                                |     |
| 6                                                                  | Relevant Parties' confirmation                                      |  8  |
|                                                               |                                                                |     |
| 7                                                                  | Fees and expenses                                                   | 9        |
|                                                               |                                                                |     |
| 8                                                                  | Miscellaneous and notices                                           |  9  |
|                                                               |                                                                |     |
| 9                                                                  | Applicable law                                                      |  10 |
|                                                               |                                                                |     |
| Schedule 1 Documents and evidence required as conditions precedent | 11                                                                  |

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| (1) | AEGEAN BUNKERING SERVICES INC., a company incorporated under the laws of the Marshall Islands having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of Marshall Islands MH96960 (the "Borrower"); |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | AEGEAN ACE MARITIME COMPANY, a company incorporated under the laws of the Hellenic Republic having its registered office at 44 Hatzikiriakou Avenue, Piraeus, Greece (the "Aegean Ace Guarantor"); |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | AMP MARITIME S.A., a company incorporated under the laws of the Republic of Liberia having its registered office at 80 Broad Street, Monrovia, Republic of Liberia (the "Aegean Champion Guarantor"); |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | AEGEAN BUNKERS AT SEA NV, a company incorporated under the laws of Belgium having its registered office at 2960 Brecht, Nijverheidstraat 7, Belgium, registered with the Crossroads Bank for Enterprises under number 0468.973.422 (the "Sara Guarantor" and, together with the Aegean Ace Guarantor and the Aegean Champion Guarantor, the "Owners"); |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | AEGEAN MANAGEMENT SERVICES M.C., a company incorporated under the laws of the Hellenic Republic having its registered office at 44 Hatzikiriakou Avenue, Piraeus, Greece (the "Aegean Management Guarantor"); |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (6) | AEGEAN MARINE PETROLEUM NETWORK INC. a company incorporated under the laws of the Marshall Islands having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of Marshall Islands MH96960 (the "AMPNI Guarantor"); and |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | PIRAEUS BANK A.E., a company incorporated under the laws of Greece having its registered office at 4 Amerikis, 105 64 Athens, Greece and acting for the purposes of this Agreement through its branch at 47-49 Akti Miaouli, Piraeus 185 36, Greece (the "Bank"). |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

|   | (a) | a facility agreement dated 30 March 2011 (the "Principal Agreement") made between the Bank as lender and the Borrower as borrower, pursuant to which the Bank agreed to make available (and has made available) to the Borrower a revolving overdraft facility of up to Ten million Dollars ($10,000,000), for the purposes stated therein; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | a corporate guarantee dated 30 March 2011 (the "Principal Corporate Guarantee") made between the AMPNI Guarantor and the Bank in respect of the obligations of the Borrower to the Bank under the Principal Agreement; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | the Borrower and the other Security Parties requested that (inter alia): |
|-----|--------------------------------------------------------------------------|

|   | (a) | the Facility Amount is reduced from Ten million Dollars ($10,000,000) to Eight million Dollars ($8,000,000); |
|--------|-----|--------------------------------------------------------------------------------------------------------------|

|   | (b) | the Maturity Date is extended to 30 April 2013; and |
|--------|-----|-----------------------------------------------------|

|   | (c) | the minimum Consolidated Leverage Ratio (as defined in the Principal Corporate Guarantee) required under the Principal Corporate Guarantee is amended; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C) | this Agreement sets out the terms and conditions upon which the Bank shall, at the request of the Borrower, provide its consent to the above amendments and other arrangements. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 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 Effective Date and unless the context otherwise requires, be references to the Principal Corporate Guarantee as amended by this Agreement and words such as "herein", "hereof", |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

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

| 1.6 | Third Party Rights |
|-----|--------------------|

| 2 | Agreement of the Bank |
|---|-----------------------|

|   | (a) | the reduction of the Facility Amount from Ten million Dollars ($10,000,000) to Eight million Dollars ($8,000,000); |
|--------|-----|--------------------------------------------------------------------------------------------------------------------|

|   | (b) | the extension of the Maturity Date to 30 April 2013; |
|--------|-----|------------------------------------------------------|

|   | (c) | the amendment of the Principal Agreement in accordance with clause 3; and |
|--------|-----|---------------------------------------------------------------------------|

|   | (d) | the amendment of the Principal Corporate Guarantee in accordance with clause 3. |
|--------|-----|---------------------------------------------------------------------------------|

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

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

| 3.1.1 | by replacing the words "Ten million Dollars" with "Eight million Dollars" and the words "$10,000,000" with "$8,000,000" on the cover page, in clause 1.1 and in the definition of "Facility Amount" in clause 1.2 of the Principal Agreement; |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.2 | by deleting the words "Aegean Star" in paragraph (c) of the definition of "Accounts" in clause 1.2 of the Principal Agreement and by inserting in its place the words "Sara"; |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.3 | by inserting the words "but excludes any law or regulation implementing the Basel III Accord save and to the extent that it is a re-enactment of any law or regulation referred to in paragraph (a) of this definition;" after the words "the Bank" in the definition of "Basel II Regulation" in clause 1.2 of the Principle Agreement; |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.4 | by inserting the words "or any Basel III Regulation" after the words "or any Basel II Regulation" in the definition of "Capital Adequacy Law" in clause 1.2 of the Principal Agreement; |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 3.1.5 | by inserting the words "and any Basel Ill Regulation" after the words "any Basel II Regulation" in clause 1.4.3 of the Principal Agreement; |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.6 | 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 date of this Agreement until 30 May 2012, five point five per cent (5.5%) per annum; and |
|--------|-----|---------------------------------------------------------------------------------------------------|

|   | (b) | from 31 May 2012 and at all times thereafter, six per cent (6%) per annum;"; |
|--------|-----|------------------------------------------------------------------------------|

| 3.1.7 | by deleting the definition of "Maturity Date" in clause 1.2 of the Principal Agreement by inserting in its place the following new definition of "Maturity Date": |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.8 | by inserting in the correct alphabetical order in clause 1.2 of the Principal Agreement the following new definitions of "Aegean Ace Mortgage Addendum", "Aegean Champion Mortgage Addendum" and "Supplemental Agreement": |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.9 | by inserting the words ", the Supplemental Agreement" after the words "this Agreement" in the definition of "Security Documents" in clause 1.2 of the Principal Agreement. |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

|   | (i) | the Consolidated Leverage Ratio shall not be higher than 0.65:1.0 at the end of any Accounting Period ending before 31 December 2011; and |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | the Consolidated Leverage Ratio shall not be higher than 0.75:1.0 at the end of any Accounting Period ending on or after 31 December 2011; and". |
|--------|------|--------------------------------------------------------------------------------------------------------------------------------------------------|

----

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

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| 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' confirmation |
|---|--------------------------------|

| 6.1 | Security Documents |
|-----|--------------------|

| 6.1.1 | each of the Security Documents to which it is a party, and its obligations thereunder shall remain and continue in full force and effect notwithstanding the said amendments to the Principal Agreement and the Principal Corporate Guarantee, and the other arrangements contained in this Agreement; |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 6.1.2 | its obligations under the relevant Security Documents to which it is a party includes any and all amounts owing by the Borrower under the Principal Agreement as amended by this Agreement; |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.1.3 | with effect from the Effective Date references to "the Agreement" or "the Loan Agreement" or the "Facility Agreement" (or equivalent or similar 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 shall also be deemed to include this Agreement and the obligations of the Borrower hereunder; and |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 6.1.4 | with effect from the Effective Date references to the "AMPNI Guarantee" (or equivalent or similar 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 and shall also be deemed to include this Agreement and the obligations of the AMPNI Guarantor hereunder. |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7 | Fees and expenses |
|---|-------------------|

| 7.1 | The Borrower shall pay to the Bank a fee of $30,000 on the date of this Agreement. The fee referred to in this clause 7.1 is non-refundable. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2 | The Borrower agrees to pay to the Bank on a full indemnity basis on demand all expenses (including legal and out-of-pocket expenses) incurred by the Bank: |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2.1 | in connection with the negotiation, preparation, execution and, where relevant, registration of this Agreement, 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; |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.2.2 | 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, |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.3 | Value Added Tax |
|-----|-----------------|

| 7.4 | 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 |
|-----|----------------------------|

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

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

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

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

|   | (B) | 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; |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------|

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

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

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

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

| 3 | Relevant Documents |
|---|--------------------|

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| 4 | Mortgage Addenda |
|---|------------------|

| 5 | Liberian and Marshall Islands opinion |
|---|---------------------------------------|

| 6 | Belgian opinion |
|---|-----------------|

| 7 | Greek opinion |
|---|---------------|

| 8 | Process agent |
|---|---------------|

| 9 | Registration forms |
|---|--------------------|

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| EXECUTED as a DEED                  | )      |   |             |
|-------------------------------------|--------|--------|------------------|
| by Y. Koumiadou                     | )      |   |             |
| for and on behalf of                | )      |   | /s/ Y. Koumiadou |
| AEGEAN BUNKERING SERVICES INC.      | )      |   | Attorney-in-fact |
| as Borrower                         | )      |   |             |
| in the presence of:                 | )      |   |             |
|                                |   |   |             |
| /s/ Maria Papadopoulou              |   |   |             |
| Witness:                            |   |   |             |
| Name:  Maria Papadopoulou |   |   |             |
| Address: Norton Rose LLP Piraeus    |   |   |             |
| Occupation:                         |   |   |             |
|                                |   |   |             |
| EXECUTED as a DEED                  | )      |   |             |
| by Y. Koumiadou                     | )      |   |             |
| for and on behalf of                | )      |   | /s/ Y. Koumiadou |
| AEGEAN BUNKERS AT SEA NV            | )      |   | Attorney-in-fact |
| as Corporate Guarantor              | )      |   |             |
| in the presence of:                 | )      |   |             |
|                                |   |   |             |
| /s/ Maria Papadopoulou              |   |   |             |
| Witness:                            |   |   |             |
| Name:  Maria Papadopoulou |   |   |             |
| Address: Norton Rose LLP Piraeus    |   |   |             |
| Occupation:                         |   |   |             |
|                                |   |   |             |
| EXECUTED as a DEED                  | )      |   |             |
| by K. Kyriakou                      | )      |   |             |
| for and on behalf of                | )      |   | /s/ K. Kyriakou  |
| AEGEAN ACE MARITIME COMPANY         | )      |   | Attorney-in-fact |
| as Corporate Guarantor              | )      |   |             |
| in the presence of:                 | )      |   |             |
|                                |   |   |             |
| /s/ Maria Papadopoulou              |   |   |             |
| Witness:                            |   |   |             |
| Name:  Maria Papadopoulou |   |   |             |
| Address: Norton Rose LLP Piraeus    |   |   |             |
| Occupation:                         |   |   |             |
|                                |   |   |             |
| EXECUTED as a DEED                  | )      |   |             |
| by Y. Koumiadou                     | )      |   |             |
| for and on behalf of                | )      |   | /s/ Y. Koumiadou |
| AMP MARITIME S.A.                   | )      |   | Attorney-in-fact |
| as Corporate Guarantor              | )      |   |             |
| in the presence of:                 | )      |   |             |
|                                |   |   |             |
| /s/ Maria Papadopoulou              |   |   |             |
| Witness:                            |   |   |             |
| Name:  Maria Papadopoulou |   |   |             |
| Address: Norton Rose LLP Piraeus    |   |   |             |
| Occupation:                         |   |   |             |
|                                |   |   |             |

----

| EXECUTED as a DEED                   | )      |   |             |
|--------------------------------------|--------|--------|------------------|
| by K. Kyriakou                       | )      |   |             |
| for and on behalf of                 | )      |   | /s/ K. Kyriakou  |
| AEGEAN MANAGEMENT SERVICES M.C.      | )      |   | Attorney-in-fact |
| as Corporate Guarantor               | )      |   |             |
| in the presence of:                  | )      |   |             |
|                                 |   |   |             |
| /s/ Maria Papadopoulou               |   |   |             |
| Witness:                             |   |   |             |
| Name:  Maria Papadopoulou  |   |   |             |
| Address: Norton Rose LLP Piraeus     |   |   |             |
| Occupation:                          |   |   |             |
|                                 |   |   |             |
| EXECUTED as a DEED                   | )      |   |             |
| by Y. Koumiadou                      | )      |   |             |
| for and on behalf of                 | )      |   | /s/ Y. Koumiadou |
| AEGEAN MARINE PETROLEUM NETWORK INC. | )      |   | Attorney-in-fact |
| as Corporate Guarantor               | )      |   |             |
| in the presence of:                  | )      |   |             |
|                                 |   |   |             |
| /s/ Maria Papadopoulou               |   |   |             |
| Witness:                             |   |   |             |
| Name:  Maria Papadopoulou  |   |   |             |
| Address: Norton Rose LLP Piraeus     |   |   |             |
| Occupation:                          |   |   |             |
|                                 |   |   |             |
| EXECUTED as a DEED                   | )      |   |             |
| by M. Youryi                         | )      |   | /s/ M. Youryi    |
| and J. Dallas                        | )      |   | Attorney-in-fact |
| for and on behalf of                 | )      |   |             |
| PIRAEUS BANK A.E.                    | )      |   |             |
| as Borrower                          | )      |   | /s/ J. Dallas    |
| in the presence of:                  | )      |   | Attorney-in-fact |
|                                 |   |   |             |
| /s/ Maria Papadopoulou               |   |   |             |
| Witness:                             |   |   |             |
| Name:  Maria Papadopoulou  |   |   |             |
| Address: Norton Rose LLP Piraeus     |   |   |             |
| Occupation:                          |   |   |             |
|                                 |   |   |             |

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