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

| Schedule 1 Names and addresses of the Banks                        | 11     |
|--------------------------------------------------------------------|--------|
|                                                               |   |
| Schedule 2 Documents and evidence required as conditions precedent | 12     |
|                                                               |   |

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

| (2) | PAROS SHIPPING (PTE.) LTD., a company incorporated under the laws of Singapore having its registered office at 22 Jalan Kilang #06-01 Mova Building, Singapore 159419 (the "Paros Borrower"); |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (3) | SANTORINI I MARITIME LIMITED (formerly known as SANTORINI I MARITIME INC. and having redomiciliated from the Republic of the Marshall Islands), a corporation incorporated under the laws of the Republic of Cyprus with registration number HE 277602 and having its registered office at 36 Byron Avenue, Nicosia Tower Centre, P.C.1506 Nicosia, Cyprus (the "Santorini Borrower"); |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

| (5) | NAXOS SHIPPING (PTE.) LTD., a company incorporated under the laws of Singapore having its registered office at 22 Jalan Kilang #06-01 Mova Building, Singapore 159419 (the "Naxos Borrower" and, together with the Kithnos Borrower, the Paros Borrower, the Serifos Borrower and the Santorini Borrower, the "Borrowers"); |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

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

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

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

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

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

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

| (13) | AEGEAN BUNKERING SERVICES INC., a corporation incorporated under the laws of the Republic of the Marshall Islands having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 in its capacity as corporate guarantor (the "Aegean Bunkering Guarantor"); |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| (14) | AEGEAN BUNKERING SERVICES INC., a corporation incorporated under the laws of the Republic of the Marshall Islands having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 in its capacity as manager (the "Manager"); |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (15) | AEGEAN MARINE PETROLEUM NETWORK INC., a corporation incorporated under the laws of the Republic of the Marshall Islands having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (the "Aegean Marine Guarantor"); and |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (16) | AEGEAN SHIPHOLDINGS INC., a corporation incorporated under the laws of the Republic of the Marshall Islands having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960 (the "Aegean Shipholdings Guarantor" and, together with the Aegean Bunkering Guarantor and the Aegean Marine Guarantor, the "Corporate Guarantors"). |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | the loan agreement dated 30 August 2005 as amended and restated by a supplemental agreement dated 8 June 2007, a second supplemental agreement dated 20 November 2007, a third supplemental agreement dated 25 November 2008, a fourth supplemental agreement dated 7 January 2009 and a fifth supplemental agreement dated 20 March 2009 (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 Providers, (8) the Corporate Guarantors and (9) the Manager, relating to a loan of up to Thirty five million five hundred thousand Dollars ($35,500,000), of which the principal amount outstanding at the date hereof is Twenty nine million six hundred and twenty thousand Dollars ($29,620,000) advanced by the Banks to the Borrowers for the purposes stated therein; and |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the corporate guarantee dated 8 June 2007 (the "Principal Aegean Marine Corporate Guarantee") made between the Aegean Marine Guarantor and the Security Agent in connection with the Principal Agreement; |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B) | the Borrowers have requested that the Creditors (as defined below) provide their consent so that the minimum shareholding threshold of Mr. Dimitrios Melisanidis in the Aegean Marine Guarantor is reduced to 15%; and |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C) | this Agreement sets out the terms and conditions upon which the Creditors shall, at the request of the Borrowers, consent to the reduction of such minimum shareholding threshold to 15%. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| 1.3.1 | References in the Principal Agreement to "this Agreement" shall, with effect from the Effective Date and unless the context otherwise requires, be references to the Principal Agreement as amended by this Agreement and words such as "herein", "hereof", "hereunder", "hereafter", "hereby" and "hereto", where they appear in the Principal Agreement, shall be construed accordingly. |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 1.3.2 | References in the Principal Aegean Marine Guarantee to "this Guarantee" shall, with effect from the Effective Date and unless the context otherwise requires, be references to the Principal Aegean Marine Guarantee as amended by this Agreement and words such as "herein", "hereof', "hereunder", "hereafter", "hereby" and "hereto", where they appear in the Principal Aegean Marine Guarantee, shall be construed accordingly. |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

| 3.1.2 | by inserting the words ", the Sixth Supplemental Agreement" after the words "the Fifth Supplemental Agreement" in the definition of "Security Documents" in clause 1.2 of the Principal Agreement; |
|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.3 | by inserting the following new definition of "Sixth Supplemental Agreement" in the correct alphabetical order in clause 1.2 of the Principal Agreement: |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.4 | by adding the following new clauses 1.4.7 and 1.4.8 after clause 1.4.6 of the Principal Agreement, and by re-numbering the subsequent clause accordingly: |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | the power (whether by way of ownership of shares, proxy, contract, agency or otherwise, directly or indirectly) to: |
|--------|-----|---------------------------------------------------------------------------------------------------------------------|

|   | (i) | cast, or control the casting of, more than 50 per cent of the maximum number of votes that might be cast at a general meeting of such body corporate; or |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (ii) | appoint or remove all, or the majority, of the directors or other equivalent officers of such body corporate; or |
|--------|------|------------------------------------------------------------------------------------------------------------------|

|   | (iii) | give directions with respect to the operating and financial policies of such body corporate with which the directors or other equivalent officers of such body corporate are obliged to comply; or |
|--------|-------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | the holding beneficially of more than 50 per cent of the issued share capital of such body corporate (excluding any part of that issued share capital that carries no right to participate beyond a specified amount in a distribution of either profits or capital); |
|--------|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | 1.4.8 | two or more persons are "acting in concert" if, pursuant to an agreement or understanding (whether formal or informal), they actively co-operate, through the acquisition (directly or indirectly) of shares in the Aegean Marine Guarantor by any of them, either directly or indirectly, to obtain or consolidate control of the Aegean Marine Guarantor;"; |
|--------|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.5 | by deleting clause 7.1.11 of the Principal Agreement in its entirety, and by substituting the "; and" at the end of clause 7.1.10 with a "."; |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.6 | by inserting the following new clause 7.2.18 in the Principal Agreement immediately after clause 7.2.17, and by substituting the "." at the end of clause 7.2.17 with "; and": |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (a) | each of the Borrowers is a wholly-owned direct Subsidiary of the Aegean Shipholdings Guarantor and each of the Aegean Shipholdings Guarantor and |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   |   | the Manager is a wholly-owned direct Subsidiary of the Aegean Marine Guarantor; and |
|--------|--------|-------------------------------------------------------------------------------------|

|   | (b) | no less than 15% of the total issued voting share capital of the Aegean Marine Guarantor is ultimately beneficially owned by Mr Dimitrios Melisanidis; and |
|--------|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | no person, or persons acting in concert (other than Mr Dimitrios Melisanidis) are the ultimate beneficial owners of more than 50% (or of any other percentage higher than that owned by Mr Dimitrios Melisanidis), of the total issued voting share capital of the Aegean Marine Guarantor or have the control of the Aegean Marine Guarantor or of its board of directors."; |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.7 | by deleting clause 8.3.14 of the Principal Agreement in its entirety, and by adding "or" at the end of clause 8.3.13, and by renumbering the subsequent clause accordingly; and |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 3.1.8 | by deleting clause 10.1.27 of the Principal Agreement in its entirety and by replacing it with the following new clause 10.1.27: |
|-------|----------------------------------------------------------------------------------------------------------------------------------|

|   | "10.1.27 | Shareholdings: |
|--------|----------|----------------|

|   | (a) | there is any change in the legal and/or ultimate beneficial ownership of any of the shares of the Aegean Marine Guarantor from that existing on the date of this Agreement, which results in Mr Dimitrios Melisanidis being the ultimate beneficial owner of less than 15% of the total issued voting share capital of the Aegean Marine Guarantor at any time; or |
|--------|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (b) | any person, or persons acting in concert (other than Mr Dimitrios Melisanidis) become at any time the ultimate beneficial owners of more than 50% (or of a percentage higher than that then owned by Mr Dimitrios Melisanidis) of the total issued voting share capital of the Aegean Marine Guarantor, or obtain, have or exercise the control of the Aegean Marine Guarantor or of its board of directors at any time; or |
|--------|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | (c) | Mr Dimitrios Melisanidis does not have or exercise the control of the Aegean Marine Guarantor at any time; or. |
|--------|-----|----------------------------------------------------------------------------------------------------------------|

|   | (d) | at any time (i) any of the Borrowers ceases to be a wholly-owned direct Subsidiary of the Aegean Shipholdings Guarantor or (ii) either of the Aegean Shipholdings Guarantor or the Manager ceases to be a wholly-owned direct Subsidiary of the Aegean Marine Guarantor; or". |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

----

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

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|   |   | amended and shall also be deemed to include this Agreement and the obligations of the Borrowers hereunder. |
|--------|--------|------------------------------------------------------------------------------------------------------------|

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

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

|   | (b) | references in the Security Documents to which such Relevant Party is a party to the "Aegean Marine Guarantee" (or equivalent or similar references) shall henceforth be references to such document as amended and supplemented by this Agreement and as from time to time hereafter amended and shall also be deemed to include this Agreement and the obligations of the Borrowers hereunder. |
|--------|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.1.1 | in connection with the negotiation, preparation, execution and, where relevant, registration of this Agreement and the other Relevant Documents and of any amendment or extension of or the granting of any waiver or consent under this Agreement and the other Relevant Documents; |
|-------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 7.1.2 | in contemplation of, or otherwise in connection with, the enforcement of, or preservation of any rights under this Agreement or any of the other Relevant Documents or otherwise in respect of the monies owing and obligations incurred under this Agreement and the other Relevant Documents, |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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

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

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

|   | (i)    | being true and correct;                                                                                                                                         |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |                                                                                                                                                            |
|   | (ii)   | being duly passed at meetings of the directors of such Relevant Party and of the shareholders/stockholders of such Relevant Party, each duly convened and held; |
|   |   |                                                                                                                                                            |
|   | (iii)  | not having been amended, modified or revoked; and                                                                                                               |
|   |   |                                                                                                                                                            |
|   | (iv)   | being in full force and effect,                                                                                                                                 |

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

----

----

| Borrowers                                                                                                     |   |                 |
|---------------------------------------------------------------------------------------------------------------|--------|----------------------|
|                                                                                                          |   |                 |
| EXECUTED as a DEED by Y. Koumbiadou                                                                           | )      | /s/ Y. Koumbiadou    |
| for and on behalf of each of the following                                                                    | )      | Attorney-in-Fact     |
| corporations:                                                                                                 | )      |                 |
| KITHNOS MARITIME INC.                                                                                         | )      |                 |
| NAXOS SHIPPING (PTE.) LTD.                                                                                    | )      |                 |
| PAROS SHIPPING (PTE.) LTD.                                                                                    | )      |                 |
| SERIFOS SHIPPING (PTE.) LTD.                                                                                  | )      |                 |
| in the presence of:                                                                                           | )      |                 |
|                                                                                                          |   |                 |
| /s/ Anthi Kekatou                                                                                             |   |                 |
| Witness                                                                                                       |   |                 |
| Name:                Anthi Kekatou |   |                 |
| Address:          Solicitor                                      |   |                 |
| Occupation:     Norton Rose LLP                                                           |   |                 |
|                                                                                                          |   |                 |
|                                                                                                          |   |                 |
|                                                                                                          |   |                 |
| EXECUTED as a DEED by D. KOUTSOUKOS                                                                           | )      | /s/ D. Koutsoukos    |
| for and on behalf of                                                                                          | )      | Attorney-in-Fact     |
| SANTORINI I MARITIME LIMITED                                                                                  | )      |                 |
| (formerly known as SANTORINI I MARITIME INC.                                                                  | )      |                 |
| and having redomiciliated from the Republic of the                                                            | )      |                 |
| Marshall Islands)                                                                                             | )      |                 |
| in the presence of:                                                                                           | )      |                 |
|                                                                                                          |   |                 |
| /s/ Anthi Kekatou                                                                                             |   |                 |
| Witness                                                                                                       |   |                 |
| Name:                Anthi Kekatou |   |                 |
| Address:          Solicitor                                 |   |                 |
| Occupation:     Norton Rose LLP                                                           |   |                 |
|                                                                                                          |   |                 |
|                                                                                                          |   |                 |
| Creditors                                                                                                     |   |                 |
|                                                                                                          |   |                 |
| SIGNED by Phil Tsamanis                                                                                       | )      | /s/ P. Tsamanis      |
| and by D. Dimitriou                                                                                           | )      | Authorised Signatory |
| for and on behalf of                                                                                          | )      |                 |
| AEGEAN BALTIC BANK S.A.                                                                                       | )      |                 |
| as Arranger, Agent, Security Agent, Account Bank,                                                             | )      | /s/ D. Dimitriou     |
| Swap Provider and Bank                                                                                        | )      | Authorised Signatory |
|                                                                                                          |   |                 |
|                                                                                                          |   |                 |
| SIGNED by A. Kekatou                                                                                          | )      | /s/ A. Kekatou       |
| for and on behalf of                                                                                          | )      | Attorney-in-fact     |
| HSN NORDBANK AG                                                                                               | )      |                 |
| as Swap Provider and Bank                                                                                     | )      |                 |
|                                                                                                          |   |                 |
|                                                                                                          |   |                 |

| 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 Corporate Guarantor and 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 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                                                                           | )      | /s/ Y. Koumbiadou |
| for and on behalf of                                                                                          | )      | Attorney-in-Fact  |
| AEGEAN SHIPHOLDINGS INC.                                                                                      | )      |              |
| as Corporate Guarantor                                                                                        | )      |              |
| in the presence of:                                                                                           | )      |              |
|                                                                                                          |   |              |
| /s/ Anthi Kekatou                                                                                             |   |              |
| Witness                                                                                                       |   |              |
| Name:                Anthi Kekatou |   |              |
| Address:           Solicitor                                |   |              |
| Occupation:     Norton Rose LLP                                                           |   |              |
|                                                                                                          |   |              |

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