----

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

| 1      | Definitions                                                                     | 2      |
|--------|---------------------------------------------------------------------------------|--------|
|   |                                                                            |   |
| 2      | Consent of the Creditors                                                        | 3      |
|   |                                                                            |   |
| 3      | Amendments to the Principal Agreement and the Principal Aegean Marine Guarantee | 3      |
|   |                                                                            |   |
| 4      | Representations and warranties                                                  | 5      |
|   |                                                                            |   |
| 5      | Conditions                                                                      | 6      |
|   |                                                                            |   |
| 6      | Security Parties' confirmations                                                 | 7      |
|   |                                                                            |   |
| 7      | Expenses                                                                        | 7      |
|   |                                                                            |   |
| 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) | KASSOS NAVIGATION S.A., a corporation incorporated under the laws of-the Republic of Liberia having its registered office at 80 Broad Street, Monrovia, Liberia (the "Kassos Borrower"); |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (2) | SYMI NAVIGATION S.A., a corporation incorporated under the laws of the Republic of Liberia having its registered office at 80 Broad Street, Monrovia, Liberia (the "Symi Borrower"); |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | HALKI NAVIGATION S.A., a corporation incorporated under the laws of the Republic of Liberia having its registered office at 80 Broad Street, Monrovia, Liberia (the "Halki Borrower"); |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | TILOS SHIPPING (PTE.) LTD., a company incorporated under the laws of Singapore having itsregistered office at 22 Jalan Kilang, #06-01 Move Building, Singapore 159419 (the "Tilos Borrower" and, together with the Kassos Borrower, the Symi Borrower and the Halki Borrower, the "Borrowers"); |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (5) | 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"); |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (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 agent for the Banks and the Swap Provider (the "Agent"); |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (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 account bank (the "Account Bank"); |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (8) | THE BANKS AND FINANCIAL INSTITUTIONS whose names and addresses are set out in schedule 1 as lenders (the "Banks"); |
|-----|--------------------------------------------------------------------------------------------------------------------|

| (9) | HSH NORDBANK AG, a company incorporated under the laws of Germany acting through its office at Martensdamm 6, 24103 Kiel, Germany in its capacity as swap provider (the "Swap Provider"); |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (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 security agent and trustee for and on behalf of the Agent, the Banks and the Swap Provider (the "Security Agent"); |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (11) | 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"); |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (12) | AEGEAN MARINE PETROLEUM NETWORKINC., 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 |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (13) | 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 Marine Guarantor, the "Corporate Guarantors"). |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

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

|   | (a) | the loan agreement dated 24 April 2008 as amended and/or restated and/or supplemented by a supplemental agreement dated 30 June 2010, a supplemental letter dated 27 January 2011, a second supplemental agreement dated 28 March 2011, a third supplemental agreement dated 7 April 2011 and a supplemental letter dated 8 June 2011 (together, the "Principal Agreement") 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 Provider, (8) the Corporate Guarantor and (9) the Manager, relating to a loan of up to (originally) Thirty eight million eight hundred thousand Dollars ($38,800,000), of which the principal amount outstanding at the date hereof is Thirty two million nine hundred and eighteen thousand Dollars ($32,918,000) advanced by the Banks to the Borrowers for the purposes stated therein; and |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the corporate guarantee dated 24 April 2008 as amended by the supplemental agreement dated 30 June 2010 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. |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

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

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

----

| 1.3 | Principal Agreement and Principal Aegean Marine 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 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. |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

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

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

| 3. | Amendments to the Principal Agreement and the Principal Aegean Marine Guarantee |
|----|---------------------------------------------------------------------------------|

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

| 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 "Aegean Marine Guarantee": |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

----

| 3.1.3 | 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 31 December 2010, one point one five per cent (1.15%) per annum; |
|--------|-----|--------------------------------------------------------------------------------------------------------|

|   | (b) | from 1 January 2011 and until the Margin Adjustment Date, one point four zero per cent (1.40%) per annum; and |
|--------|-----|---------------------------------------------------------------------------------------------------------------|

|   | (c) | from the Margin Adjustment Date and at all times thereafter, the rate per annum determined pursuant to clause 3.1.2;"; |
|--------|-----|------------------------------------------------------------------------------------------------------------------------|

| 3.1.4 | by inserting the words ", the Fourth Supplemental Agreement" after the words "the Third Supplemental Agreement" in the definition of "Security Documents" in clause 1.2 of the Principal Agreement; |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.5 | 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 date of this Agreement and ending on 22 June 2011, one hundred and twenty five per cent (125%) of the aggregate of (i) the Loan and (ii) the Swap Exposure at such time; or |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | at all time thereafter, one hundred and thirty per cent (130%) of the aggregate of (i) the Loan and (ii) the Swap Exposure at such time;"; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.6 | by deleting the words "1.15%" in the seventh line of the second paragraph of clause 3.1.2 in the Principal Agreement and by replacing them with "1.40%". |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.2 | Amendments to Principal Aegean Marine Guarantee |
|-----|-------------------------------------------------|

| 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 at all times thereafter 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 |
|-----------------|-----------------------------|

|   | the Consolidated Book Net Worth shall not be less than Three hundred and sevenfy five million Dollars ($375,000,000); |
|--------|-----------------------------------------------------------------------------------------------------------------------|

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

|    | the Leverage Ratio will not be higher than 0.75:1; |
|--------------|----------------------------------------------------|

----

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

|   | the Current Ratio will not be lower than 1.15:1; and |
|--------|------------------------------------------------------|

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

|    | the Liquidity Ratio shall be higher than 0.5:1.0.". |
|--------------|-----------------------------------------------------|

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

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

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

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

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

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

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

----

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

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

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

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

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

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

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

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

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

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

----

| 6. | Security Parties' confirmations |
|----|---------------------------------|

| 6.1 | Corporate Guarantees |
|-----|----------------------|

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

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

| 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. | 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, 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). |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

----

| Name               | Lending office and contact details                                                                                                                                                                                                                                                                                                                                                                       |
|-------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Aegean Baltic Bank S.A. | Lending Office Aegean Baltic Bank S.A,217A 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  |

----

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

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

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

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

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

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

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

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

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

----

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

| 4. | Relevant Documents |
|----|--------------------|

| 5. | Payment of interest |
|----|---------------------|

| 6. | Process agent |
|----|---------------|

----

| Borrowers                                                                                               |   |                                                 |
|---------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------|
|                                                                                                    |   |                                                 |
| EXECUTED as a DEED by Y. Koumbiadou                                                                     | )      |                                                 |
| for and on behalf of each of the following                                                              | )      | /s/ Y. Koumbiadou                     |
| corporations:                                                                                           | )      | Attorney-in-Fact                                     |
| KASSOS NAVIGATION S.A.                                                                                  | )      |                                                 |
| TILOS SHIPPING (PTE.) LTD.                                                                              | )      |                                                 |
| SYMI NAVIGATION S.A.                                                                                    | )      |                                                 |
| HALKI NAVIGATION S.A.                                                                                   | )      |                                                 |
| in the presence of:                                                                                     | )      |                                                 |
|                                                                                                    |   |                                                 |
| /s/ Anthi Kekatou                                                                        |   |                                                 |
| Witness                                                                                                 |   |                                                 |
| Name:               Anthi Kekatou |   |                                                 |
| Address:          Solicitor                                |   |                                                 |
| Occupation:    Norton Rose LLP                                                           |   |                                                 |
|                                                                                                    |   |                                                 |
|                                                                                                    |   |                                                 |
|                                                                                                    |   |                                                 |
| Creditors                                                                                               |   |                                                 |
|                                                                                                    |   |                                                 |
| SIGNED by Filippos E. Tsamanis                                                                          | )      |                                                 |
| and by Irini Tobrou                                                                                     | )      | /s/ Filippos E. Tsamanis              |
| for and on behalf of                                                                                    | )      | Authorised Signatory                                 |
| AEGEAN BALTIC BANK S.A.                                                                                 | )      |                                                 |
| as Arranger, Agent, Security Agent, Account Bank,                                                       | )      |                                                 |
| and Bank                                                                                                | )      | /s/ Irini 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 Manager                                                                                              | )      |                                                 |
| 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 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                            |   |   |

----