----

| Contents                                                           |
|--------------------------------------------------------------------|
|                                                               |   |   |
| 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 | 7 |
|                                                               |   |   |
| 6                                                                  | Security Parties' confirmations | 7 |
|                                                               |   |   |
| 7                                                                  | Expenses |   |
|                                                               |   |   |
| 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 |

----

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

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

| (3) | INGRAM ENTERPRISES CO., a corporation incorporated under the laws of the Republic of Liberia having its registered office at 80 Broad Street, Monrovia, Liberia (the "Ingram Borrower" and, together with the Eton Borrower and the Benmore Borrower, the "Borrowers"); |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (4) | SEALAND NAVIGATION INC., a corporation incorporated under the laws of the Republic of Marshall Islands having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (the "Collateral Owner"); |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

| (6) | 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"); |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (7) | 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"); |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (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 arranger (the "Arranger"); |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (9) | 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"); |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

| (11) | THE BANKS AND FINANCIAL INSTITUTIONS whose names and addresses are set out in schedule 1 as lenders (the "Banks"); |
|------|--------------------------------------------------------------------------------------------------------------------|

| (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 swap provider (the "ABB Swap Provider"); |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (13) | 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"); and |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (14) | 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 |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

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

|   | (a) | the loan agreement dated 25 October 2006 as amended and/or restated and/or supplemented by a supplemental agreement dated 21 May 2010, a second supplemental agreement dated 21 October 2010 and a third supplemental agreement dated 25 May 2011 (together the "Principal Agreement")madebetween, 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 and (7) the Swap Providers, relating to a loan of up to Twenty six million two hundred and fifty thousand Dollars ($26,250,000), of which the principal amount outstanding at the date hereof is Twenty three million four hundred and sixty six thousand nine hundred and sixty eight Dollars and twenty three cents ($23,466,968.23) advanced by the Banks to the Borrowers for the purposes stated therein; and |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the corporate guarantee dated 25 October 2006 as amended by the supplemental agreement dated 21 May 2010 referred to above (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) | for each part of the Pre-Delivery Period for such Tranche: |
|--------|-----|------------------------------------------------------------|

|   | (i) | falling in the Pre-Listing Period, one point three zero per cent (1.30%) per annum; and |
|--------|-----|-----------------------------------------------------------------------------------------|

|   | (ii) | falling in the Post-Listing Period, one point one five zero per cent (1.150%) per annum; or |
|--------|------|---------------------------------------------------------------------------------------------|

|   | (b) | for each part of the Post-Delivery Period for such Tranche: |
|--------|-----|-------------------------------------------------------------|

|   | (i) | falling in the Pre-Listing Period but until 31 December 2010, one point one eight seven five per cent (1.1875%) per annum; |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | falling in the Post-Listing Period but until 31 December 2010, one point zero five zero per cent (1.050%) per annum; and |
|--------|------|--------------------------------------------------------------------------------------------------------------------------|

|   | (iii) | from 1 January 2011 and at all times thereafter, one point three zero per cent (1.30%) per annum; |
|--------|-------|---------------------------------------------------------------------------------------------------|

| 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; and |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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 earlier of (a) the Drawdown Date of the last Delivery Advance to be drawn down and (b) 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 (i) the Loan and (ii) the aggregate Swap Exposure under both Master Swap Agreements; or |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | during the period commencing on 23 June 2011 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 per cent (130%) of the aggregate of (i) the Loan and (ii) the aggregate Swap Exposure under both Master Swap Agreements". |
|--------|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 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 Listing Date 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 |
|--------|-----|-----------------------------|

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

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

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

| 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, |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 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 Maroussi                                     |
|                    |   | Greece                                              |
|                    |   |                                                |
|                    |   | Address for Notices                  |
|                    |   |                                                |
|                    |   | Aegean Baltic Bank S.A.                             |
|                    |   | 217A Kifissias Ave.                                 |
|                    |   | 151 24 Maroussi                                     |
|                    |   | Greece                                              |
|                    |   |                                                |
|                    |   | Fax: +30 210 623 4192                               |
|                    |   | Attn: Business Development                          |
|                    |   |                                                |
|                    |   |                                                |
| HSH Nordbank AG         |   | Lending Office                                      |
|                    |   |                                                |
|                    |   | HSH Nordbank AG                                     |
|                    |   | Gerhart-Hauptmann-Platz 50                          |
|                    |   | 20095 Hamburg                                       |
|                    |   | Germany                                             |
|                    |   |                                                |
|                    |   | Address for Notices                                 |
|                    |   |                                                |
|                    |   | HSH Nordbank AG                                     |
|                    |   | Gerhart-Hauptmann-Platz 50                          |
|                    |   | 20095 Hamburg                                       |
|                    |   | Germany                                             |
|                    |   |                                                |
|                    |   | Fax: +49 40 33 33 34 118                            |
|                    |   | Attn:  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 | Mortgage Addenda registration |
|---|-------------------------------|

| 4 | Legal opinions |
|---|----------------|

| 5 | Relevant Documents |
|---|--------------------|

| 6 | Payment of interest |
|---|---------------------|

| 7 | Process agent |
|---|---------------|

----

| BORROWERS                                                                                                    |   |                                |
|--------------------------------------------------------------------------------------------------------------|--------|-------------------------------------|
|                                                                                                         |   |                                |
| EXECUTED as a DEED by Y. Koumbiadou                                                                          | )      | /s/ Y. Koumbiadou    |
| for and on behalf of each of the following                                                                   | )      | Attorney-in-Fact                    |
| corporations                                                                                                 | )      |                                |
| ETON MARINE LTD.                                                                                             | )      |                                |
| BENMORE SERVICES S.A.                                                                                        | )      |                                |
| INGRAM ENTERPRISES CO.                                                                                       | )      |                                |
| in the presence of:                                                                                          | )      |                                |
|                                                                                                         |   |                                |
| /s/ Anthi Kekatou                                                              |   |                                |
| Witness                                                                                                      |   |                                |
| Name:               Anthi Kekatou      |   |                                |
| Address:         Solicitor                                      |   |                                |
| Occupation:    Norton Rose LLP                                                           |   |                                |
|                                                                                                         |   |                                |
|                                                                                                         |   |                                |
| Collateral Owner                                                                                             |   |                                |
|                                                                                                         |   |                                |
| EXECUTED as a DEED by Y. Koumbiadou                                                                          | )      | /s/ Y. Koumbiadou    |
| for and on behalf of                                                                                         | )      | Attorney-in-Fact                    |
| SEALAND NAVIGATION INC.                                                                                      | )      |                                |
| as Collateral Owner                                                                                          | )      |                                |
| in the presence of:                                                                                          | )      |                                |
|                                                                                                         |   |                                |
| /s/ Anthi Kekatou                                                              |   |                                |
| Witness                                                                                                      |   |                                |
| Name:               Anthi Kekatou |   |                                |
| Address:         Solicitor                                      |   |                                |
| Occupation:    Norton Rose LLP                                                           |   |                                |
|                                                                                                         |   |                                |
|                                                                                                         |   |                                |
| Other Security Parties                                                                                       |   |                                |
|                                                                                                         |   |                                |
| EXECUTED as a DEED by Y. Koumbiadou                                                                          | )      | /s/ Y. Koumbiadou    |
| for and on behalf of                                                                                         | )      | Attorney-in-Fact                    |
| AEGEAN BUNKERING SERVICES INC.                                                                               | )      |                                |
| 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                                                                          | )      | /s/ Y. Koumbiadou                                                                                                                |
|--------------------------------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------|
| for and on behalf of                                                                                         | )      | Attorney-in-Fact                                                                                                                                     |
| AEGEAN MARINE PETROLEUM NETWORK INC.                                                                         | )      |                                                                                                                                                 |
| as Corporate Guaranator                                                                                      | )      |                                                                                                                                                 |
| in the presence of:                                                                                          | )      |                                                                                                                                                 |
|                                                                                                         |   |                                                                                                                                                 |
| /s/ Anthi Kekatou                                                                             |   |                                                                                                                                                 |
| Witness                                                                                                      |   |                                                                                                                                                 |
| Name:               Anthi Kekatou |   |                                                                                                                                                 |
| Address:         Solicitor                                      |   |                                                                                                                                                 |
| Occupation:    Norton Rose LLP                                                           |   |                                                                                                                                                 |
|                                                                                                         |   |                                                                                                                                                 |
|                                                                                                         |   |                                                                                                                                                 |
| EXECUTED as a DEED by Y. Koumbiadou                                                                          | )      | /s/ Y. Koumbiadou                                                                                                                     |
| for and on behalf of                                                                                         | )      | Attorney-in-Fact                                                                                                                                     |
| AEGEAN SHIPHOLDINGS INC.                                                                                     | )      |                                                                                                                                                 |
| as Corporate Guaranator                                                                                      | )      |                                                                                                                                                 |
| in the presence of:                                                                                          | )      |                                                                                                                                                 |
|                                                                                                         |   |                                                                                                                                                 |
| /s/ Anthi Kekatou                                                                             |   |                                                                                                                                                 |
| Witness                                                                                                      |   |                                                                                                                                                 |
| Name:               Anthi Kekatou      |   |                                                                                                                                                 |
| Address:         Solicitor                                      |   |                                                                                                                                                 |
| Occupation:    Norton Rose LLP                                                           |   |                                                                                                                                                 |
|                                                                                                         |   |                                                                                                                                                 |
|                                                                                                         |   |                                                                                                                                                 |
| Creditors                                                                                                    |   |                                                                                                                                                 |
|                                                                                                         |   |                                                                                                                                                 |
| SIGNED                                                                                                       | )      |                                                                                                                                                 |
| by Filippos E. Tsamanis                                                                                      | )      | /s/ Filippos E. Tsamanis                                                                                                                   |
| and by Irini Tobrou                                                                                          | )      | Authorised Signatory                                                                                                                                 |
| for and on behalf of                                                                                         | )      |                                                                                                                                                 |
| AEGEAN BALTIC BANK S.A.                                                                                      | )      | /s/ Irini Tobrou                       |
| as Arranger, Agent, Security Agent, Account Bank                                                             | )      | Authorised Signatory                                                                                                                                 |
| Swap Provider and Bank                                                                                       |   |                                                                                                                                                 |
|                                                                                                         |   |                                                                                                                                                 |

| SIGNED by A. Kekatou      | )      | /s/ A. Kekatou                        |
|---------------------------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|
| for and on behalf of      | )      | Attorney-in-fact                                                                                                                                         |
| HSH NORDBANK AG           | )      |                                                                                                                                                     |
| as Swap Provider and Bank |   |                                                                                                                                                     |
|                      |   |                                                                                                                                                     |
|                      |   |                                                                                                                                                     |
|                      |   |                                                                                                                                                     |