|   |                                                                  |   |
|--------|-----------------------------------------------------------------------|--------|
|   | CORPORATE      & INVESTMENT BANKING - Energy and      Commodities |   |

| Borrower                     | Aegean      Marine Petroleum SA, a limited liability company incorporated under the      laws of Liberia, having its registered office at 80, Broad Street,      Monrovia, Liberia ("Aegean") or (the "Borrower").                                                                                                                                                                                                                                                         |
|------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Guarantor                    | Aegean      Marine Petroleum Network Inc, a limited liability company incorporated      under the laws of Marshall Islands, having its registered office at Trust      Company Complex, Ajeltake Road, Ajeltake Island, Majuro, 1V11-1 96960,      Marshall Islands (the "Guarantor").                                                                                                                                                                                          |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Lending      Bank            | BNP      Paribas, Paris (the "Bank" or "BNP      Paribas").                                                                                                                                                                                                                                                                                                                                                                                                                |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Facility      Type           | Uncommitted      Demand Trade Finance Borrowing Base Secured Facility (the "Facility") Borrowing Base and      Short Term Storage Secured Facility                                                                                                                                                                                                                                                                                                                         |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                         | "Uncommitted"      means that the decision to make available any Accommodation (as defined      hereinafter) shall be made by BNP Paribas in its absolute and sole      discretion and irrespective of whether or not the Borrowers is in      compliance with any guidelines set forth in this Agreement. "Secured"      means that any Accommodation to be secured by pledged assets as described      under paragraph Security / Collateral                                  |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Facility      Maximum Amount | The      total maximum amount available to the Borrower under the Facility shall be      USD 100,000,000      (One Hundred Million United States Dollars) (the "Facility Maximum      Amount").                                                                                                                                                                                                                                                                                 |
|                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Validity                     | The      Facility shall be available on an uncommitted basis, upon satisfaction of      all Conditions Precedent from the later of the signing date of the      Agreement and the date upon which the Bank has confirmed that it has      received Credit and Compliance Committee approval (as notified in writing      by the Bank to the Borrower) until 2nd      November 2010 (the "Termination Date") and subject to the      Bank's normal credit reviewprocedures. |

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|   |                                                                  |   |
|--------|-----------------------------------------------------------------------|--------|
|   | CORPORATE      & INVESTMENT BANKING - Energy and      Commodities |   |

| Availability                                   | The      Facility shall be available for :                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|                                           | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | The      issuance of Stand-by Letters of Credit ("SBLC" or "SBLCs") and Documentary      Letters of Credit ("L/C" or "LCs") payable at sight or on a deferred      payment basis. The maximum tenor of such LCs shall be limited to 90      days. |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |
|                                           | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | The      financing, through overdraft (each an "Overdraft") or short term advances      (each a "Fixed Term Advance"), of negative cash flow arising from the      payment of the Commodities either under an LC or in open account and of      any costs, related to its trading and marketing  activity. |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                           | Any      LC, SBLC, Overdraft and Fixed Term Advance, may be referred to as      "Accommodation" and collectively as "Accommodations". Any Accommodation      shall be secured by the Securities described under paragraph Security /      Collateral.                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Purpose      / Modus Operandi      / Covenants | To      finance the day to day purchases of petroleum products necessary for      Aegean's bunkering and trading activity, for the supply of products to its      portfolio of clients.                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                           | These      needs include the opening of SBLCs and/or LCs in favour of suppliers,      and/or the payment of pods, relayed by the financing of Aegean's day to      day working capital needs, pending the collection of its normal trade      receivables.                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                           | Borrowing      Base:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                           | Modus      Operandi:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                           | The      aggregate amount available for any Accommodation under the Facility at any      time shall be the lower of the (i) Facility Maximum Amount (as reduced      from time to time by Accommodations disbursed or to be disbursed      hereunder) and the (ii) Borrowing Base Available Amount (as defined      below)                                                                                                                                                                                                                                                                                                                                  |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                           | The      borrowing base available amount (the "Borrowing Base Available      Amount") shall be equal to      the aggregate expressed in US Dollars equivalent of the following      assets:                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                                           | 1.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 90%      of the Eligible Receivables, and |
|                                           | 2.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 100%      of the portion of the cash collateral amount beyond 5% of the overall      Facility utilisation, and, |
|                                           | 3.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | 75%      of the marked-to-market value of the Fuel Oil and Gas Oil (The "Products"), stored or to be stored      in a storage facility acceptable to the Bank and pledged in favour of the      Bank for a net maximum amount of USD 20,000,000; |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                           | It      is hereby agreed that until such time (i) that the Borrower and the Bank      shall have entered into the General Pledge of Goods (as defined in the      section "Legal documentation") and (ii) the Products are effectively      pledged in favour of the Bank pursuant to a pledge agreement or charge      governed by the laws of the country in which the Products are stored or to      be stored and which is valid, binding and enforceable against the      Borrower, in form and substance acceptable to the Bank, the value of the      Products shall not be included in the calculation of the Borrowing Base      Available Amount. |
|                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                           | Should      the need be, for and after the opening of SBL/Cs and L/Cs only, the      capacity to have a USD 1,500,000 shortfall of collateral (the "Transitory      Sub-limit") to be cured within      ten calendar days after the SBLC/LC issuance as evidenced by the customer      by means of receivables payment schedule and undertaking, accepted by and      assigned in favour of the Bank, as declared by the Borrower to the      Bank.                                                                                                                                                                                                    |

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|   |                                                                  |   |
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|   | CORPORATE      & INVESTMENT BANKING - Energy and      Commodities |   |

|   | The      maximum credit terms given to any individual counterparty shall be 45 days      from delivery of the products. Inventories will only be financed up to 30      days from the date such inventories are delivered to the storage facility.      The Products in transit / to be stored will only be financed up to 10      calendar days from the Bill of Lading date.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | "Receivable" means any trade      receivable, book debt or other payment obligation due to the Borrower      under any commercial transaction from the counterparty to such transaction      (a "Counterparty").                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | A      Receivable will become an Eligible Receivable if it is a      receivable: |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | a.  which      is a bona fide, existing, legally binding, enforceable and irrevocable      obligation of any buyer |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | b.  which      is freely assignable (or if not assignable without the consent of the      buyer, such consent has been obtained to the satisfaction of the      Bank); |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | c.  which      is not subject to any (i) security, (ii) interest of any other person      (other than the Borrower) under any conditional sale agreement or title      retention or reservation agreement (or any arrangement having      substantially the same economic effect as any conditional sale agreement      or title retention or reservation agreement) or possessory      claims; |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | d.  in      respect of which there exists no agreement between the Borrower and such buyer      for set-off or for abatement or otherwise whereby the amount of      such receivable may be reduced; |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | e.  in      respect of which the Borrower is not in breach of its obligations to such      Buyer under the terms of the relevant commercial    transaction; |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | f.  which      is not subject to any dispute or claim whatsoever (whether justifiable or      not); |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | Each      Eligible Receivable shall be validly assigned to the Bank under the Deed      of Assignment or any other security agreement duly perfected. Any assigned      Eligible Receivable which has not been paid at the Bank's counters within      a maximum of 10 days from its due date shall be automatically excluded      from any calculation of the Borrowing Base Available    Amount.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | The      total amount of assigned Eligible Receivables in respect of any      Counterparty shall not exceed the net amount of USD 2,500,000 (the "Eligible Limit") at any given time,      unless payment of any such Eligible Receivable is made by way of payment      instrument acceptable to BNP Paribas (with such acceptance by BNP Paribas      evidenced in writing) including but not limited to: export documentary      letters of credit and/or export stand-by letters of credit and/or export      bank guarantees and/or purchase confirmation/payment undertakings issued      by Counterparties acceptable to BNP Paribas. It is understood and agreed      that this is for guidance only and may be reviewed from time to time by      the Bank to be in line with the perceived credit risk at a given moment.      On a case by case basis, BNP Paribas and the Borrower may agree that the      Borrower may assign Eligible Receivables in excess of the Eligible Limit.      Any such agreement shall be evidenced in writing between the      parties. |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|   | The      Bank may notify directly, from time to time, a Counterparty that the      Borrower has assigned by way of security any Eligible Receivable owed by      such Counterparty in favour of the Bank, and shall request its      acknowledgement as to the amounts due and such Counterparty's undertaking      to pay such amounts to the Bank or, at the discretion of the Bank, to the      account of                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |

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|   | CORPORATE      & INVESTMENT BANKING - Energy and      Commodities |   |

|                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|----------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                             | the      Borrower with the Bank. The Bank agrees to inform the Borrower of its      intention to notify a Counterparty before any such notification is      made.                                                                                                                                                                                                                                                                                        |
|                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Repayment                        | The      Borrower shall repay on demand each Overdraft made available to it      hereunder.                                                                                                                                                                                                                                                                                                                                                              |
|                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                             | The      Borrower shall repay each Fixed Term Advance on the earlier of (i) the      maturity date agreed between the Bank and the Borrower at the time of such      Fixed Term Advance and (ii) the Termination Date.                                                                                                                                                                                                                                   |
|                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                             | The      Borrower shall immediately prepay an amount equal to any amount by which      the aggregate amount outstanding of the Accommodations exceeds the      Facility Maximum Amount at any time.                                                                                                                                                                                                                                                      |
|                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                             | All      amounts then outstanding under this Agreement shall be repaid in full on      the Termination Date.                                                                                                                                                                                                                                                                                                                                             |
|                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                             | The      Borrower hereby irrevocably authorises the Bank to debit account n° 340I4D      in the Borrower's name held with the Bank by an amount equal to any amount      due to the Bank pursuant to this Agreement.                                                                                                                                                                                                                                |
|                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                             | In      the event the repayment date of any LC or SBLC extends beyond the      Termination Date and this Facility is not renewed, the Borrower shall, on      the Termination Date, pay into an account designated by the Bank an amount      corresponding to the sums outstanding related to such LC or SBLC or repay      any such outstanding in relation to such LC or SBLC.                                                                        |
|                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Borrowing      Base Fees         | SBLC Opening Fee:0.25 % per indivisible quarter      calculated on the maximum amount of the SBLC or payment in cancellation of      such SBLC                                                                                                                                                                                                                                                                                                           |
|                             | L/C Opening Fee: 0.125 %      per indivisible quarter calculated on the maximum amount of the LC or      payment in the frame of such LC.                                                                                                                                                                                                                                                                                                                |
|                             | Open Account Payments Fee:0.075% flat on payment      amount.                                                                                                                                                                                                                                                                                                                                                                                            |
|                             | SBLC or L/C Negotiation      Fee: Flat USD 1,000 per Accommodation.                                                                                                                                                                                                                                                                                                                                                                                      |
|                             | Transfer fee : USD 50      flat per payment                                                                                                                                                                                                                                                                                                                                                                                                              |
|                             | LC Advising fee : USD      750 flat                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                             | Amendment fee : USD 200      flat per amendment                                                                                                                                                                                                                                                                                                                                                                                                          |
|                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| FacilityManagement      Fees     | 0.10%      per annum calculated on the Maximum Facility Amount, payable quarterly in      arrears                                                                                                                                                                                                                                                                                                                                                        |
| Fixed      TermAdvance      Rate | The      aggregate of :                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                             | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                  | The      Bank's Cost of Funds, and |
|                             | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                  | the      Margin. |
|                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                             | Interest      is payable at maturity of such Fixed Term Advance.                                                                                                                                                                                                                                                                                                                                                                                         |
|                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                             | The      Bank's Cost of Funds shall mean the percentage rate per annum (rounded      upwards to four decimal places) determined by the Bank at its discretion,      on a case by case basis, to be its cost of funding the Fixed Term Advance      from whatever source it may select, and for a period comparable to the      tenor of the Fixed Term Advance on a case by case basis and in      consideration of the tenor of the Fixed Term Advance. |
|                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Overdraft      rate              | The      aggregate of :                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|                             | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                  | The      BNP Paribas overnight rate for US Dollars, |
|                             | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                  | And      the Margin. |

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|   |                                                                  |   |
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|   | CORPORATE      & INVESTMENT BANKING - Energy and      Commodities |   |

| Margin                   | 2 %      per annum.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|--------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Tenor                    | 90      days                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Security/Collateral      | Any      Accommodation shall be secured by assets being a combination of first      ranking security in respect of cash and floating (through the issuance of      bills of lading endorsed to the order of the Bank) and in-land      inventories, assigned proceeds of insurance policies (and BNP Paribas      being named as loss payee on cargo insurance policies) and any other      collateral that may be accepted by the Bank in order to finance any      Accommodation under the Facility. |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                     | In      addition, pursuant to a cash collateral agreement subject to French law to      be entered into by the Bank and the Borrower (the "Cash Collateral      Agreement"),      the Borrower shall provide at all times cash collateral (gage-espéces) of USD      5,000,000 in favour of the Bank                                                                                                                                                                                              |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Legal      documentation | 1 -      This Agreement duly executed;                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                     | 2-      BNP Paribas' General Conditions Relating to Trade Finance, along with      Annexes, including, but not limited to :                                                                                                                                                                                                                                                                                                                                                                            |
|                     | >                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | General      Letter of Instructions. |
|                     | >                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Current      Account Agreement. |
|                     | >                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Pledge      of Balance of Account. |
|                     | >                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Deed      of Assignment |
|                     | >                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Power      of Attorney |
|                     | >                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | Subrogation      receipt |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                     | Notwithstanding      Clause IX of the General Conditions, the parties agree that the Borrower      shall have no obligation to execute and provide BNP Paribas with the      General Pledge of Goods Agreement in the form set out in Annex 6 of the      General Conditions (the "General Pledge of      Goods").                                                                                                                                                                                     |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                     | 3.      Cash collateral Agreement subject to French law in form and substance      satisfactory to BNP Paribas duly executed.                                                                                                                                                                                                                                                                                                                                                                          |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                     | 4-      First Demand Guarantee subject to French law to be issued by the Guarantor      in favour of the Bank in a form satisfactory to the Bank (the "First Demand      Guarantee");                                                                                                                                                                                                                                                                                                                  |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                     | The      Deed of Assignment, the Pledge of Balance of Account and the Cash      Collateral Agreement are collectively defined as the "Security      Documents".                                                                                                                                                                                                                                                                                                                                        |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                     | The      General Conditions and the Security Documents are collectively defined as      the "Finance      Documents".                                                                                                                                                                                                                                                                                                                                                                                  |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| Financial      Covenants | The      Borrower shall at all times comply with the following ratio based on its      annual audited consolidated accounts and quarterly combined      statements:                                                                                                                                                                                                                                                                                                                                    |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | -      Minimum Net Equity Base shall not be less than USD 80    Million |
|                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                     | The      Guarantor shall at all times comply with the following ratio based on its      annual audited consolidated accounts and quarterly combined statements and      undertakings:                                                                                                                                                                                                                                                                                                                  |

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|   | CORPORATE      & INVESTMENT BANKING - Energy and      Commodities |   |

|                        |                                                                                                                                                                                                                                                                                                                                                                                          | -      The listing of the Guarantor at the New York Stock Exchange shall be      maintained at all times |
|-----------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------|
|                        |                                                                                                                                                                                                                                                                                                                                                                                          | -      Net Equity Base shall not be less than USD 180 Million                                            |
|                        |                                                                                                                                                                                                                                                                                                                                                                                          | -      Minimum current ratio shall be 1.15 with a minimum working capital need of      USD 50 Million    |
|                        |                                                                                                                                                                                                                                                                                                                                                                                          |                                                                                                     |
| Events      of Default      | Each of the events or      circumstances expressed to be "Events of Default" under Clause X of the      General Conditions and any reference to "Finance Documents" shall be      deemed to include this Agreement and any other document referred to      herein;                                                                                                                            |
|                        |                                                                                                                                                                                                                                                                                                                                                                                          |
|                        | Notwithstanding      the contents of Clause X of the General Conditions,                                                                                                                                                                                                                                                                                                                      |
|                        | No      Event of Default will occur if (i) the aggregate amount of any      indebtedness or any payment or performance obligation owed by the      Borrower, the Guarantors or any of their subsidiary to a third party      falling within paragraph (iii) of Clause X of the General Conditions is      less than USD 100,000 (or its equivalent in any other currency or      currencies). |
|                        |                                                                                                                                                                                                                                                                                                                                                                                          |
| Transaction      Guidelines | Transactiondocumentation                                                                                                                                                                                                                                                                                                                                                                      |
|                        | The      Borrower shall provide the Bank with all relevant purchase contracts and      their subsequent amendment for each Accommodation.                                                                                                                                                                                                                                                     |
|                        | At      the Bank's request, the Borrower shall provide the Bank with its invoices      to its clients and assigned in favor of the Bank, and/or its sale      contracts.                                                                                                                                                                                                                      |
|                        | The      Borrower shall provide the Bank with a copy of its relevant cargo marine,      insurance policy and extensions if any, and evidence that the Bank is      named loss payee under such insurance policies.                                                                                                                                                                            |
|                        |                                                                                                                                                                                                                                                                                                                                                                                          |
|                        | Transaction Information                                                                                                                                                                                                                                                                                                                                                                       |
|                        | At      the Bank's request, the Borrower shall provide the Bank with all details      concerning the status of the transaction financed and subject to      Accommodation. Such information should include shipping dates, loading      range, purchase value, price and freight payment.                                                                                                     |
|                        | At      the Bank's request, the Borrower shall provide the Bank with information      on financial statements of the buyers if available.                                                                                                                                                                                                                                                     |
|                        |                                                                                                                                                                                                                                                                                                                                                                                          |
|                        | Storage Information      Documentation                                                                                                                                                                                                                                                                                                                                                        |
|                        | At      the Bank's request, but at least on a weekly basis, the Borrower shall      provide the Bank with a weekly storage position evidencing the Products      remaining in storage.                                                                                                                                                                                                        |
|                        |                                                                                                                                                                                                                                                                                                                                                                                          |
|                        | Borrowing Base  Information                                                                                                                                                                                                                                                                                                                                                                   |
|                        | The      Borrower shall provide the Bank with a Borrowing Base Report (the "BBR") detailing the      Eligible Receivables. For each category of Eligible Receivables, the      Borrower should indicate the amount of past due Eligible Receivables to be      excluded from the BBR calculation. The BBR shall be provided at the Bank's      request but at least on a weekly basis.   |
|                        | All      Eligible Receivables shall be payable to the Borrower's account with the      Bank.                                                                                                                                                                                                                                                                                                  |
|                        | Insurance      Certificate should state that the Bank is loss payee under the Borrower's      cargo marine.                                                                                                                                                                                                                                                                                   |
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| Conditions      precedent   | The      Facility shall at all times remain uncommitted with no obligation upon the      Bank whatsoever to make funds      available to the Borrower. Any Accommodation which -the Bank decides in      its sole discretion to make available to the Borrower shall be subject to      the conditions precedent, including, but not limited  to:                                        |

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|   | CORPORATE      & INVESTMENT BANKING - Energy and      Commodities |   |

|                                | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | The      Borrower and the Guarantor's constitutional documents : By-laws, Statutes,      certificate of incorporation, trade licence etc;                                                                                                                                                                                                                                                                                                                                            |
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|                                | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | This      Agreement duly executed by the Borrower, the Guarantor and the      Bank;                                                                                                                                                                                                                                                                                                                                                                                                  |
|                                | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Borrower's      Board Resolution authorizing the signature and performance by the Borrower      of the Finance Documents and giving powers to relevant signatories (as      defined hereunder);                                                                                                                                                                                                                                                                                      |
|                                | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | The      Guarantor's board resolutions authorizing the signature by the Guarantor      of the First Demand Guarantee and giving powers to relevant      signatories                                                                                                                                                                                                                                                                                                                  |
|                                | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Legal      opinion and certificate of good standing in connection with the Guarantor      from a law firm of good repute in the relevant country of incorporation of      the relevant Guarantor and confirming (i) the enforceability and validity      of the First Demand Guarantee signed by the Guarantor and (ii) the      corporate power and authority of such Guarantor to execute and perform the      First Demand Guarantee .                                            |
|                                | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Satisfactory      completion of due diligence on the Borrower and  Guarantor;                                                                                                                                                                                                                                                                                                                                                                                                        |
|                                | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Receipt      of latest audited financials report relating to the Borrower and Guarantor      satisfactory to the Bank;                                                                                                                                                                                                                                                                                                                                                               |
|                                | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | No      Event of Default or potential Event of Default having      occurred;                                                                                                                                                                                                                                                                                                                                                                                                         |
|                                | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Legal      opinion issued from a law firm of good repute located in the country of      incorporation of the Borrower, confirming (i) the Borrower is authorised      to open an account with the Bank (ii) the enforceability and validity of      the General Conditions and any and all Finance Documents signed by the      Borrower, and (iii) the corporate power and authority of the Borrower to      execute and deliver the Finance Documents to which it is a      party; |
|                                | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Representations      and warranties being true and correct as stated in the General      Conditions;                                                                                                                                                                                                                                                                                                                                                                                 |
|                                | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Execution      of all Finance Documents;                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                                | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Execution      and delivery of the First Demand Guarantee by the  Guarantor                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Perfection      of the Bank's security interest under any security/collateral documents in      all appropriate jurisdictions;                                                                                                                                                                                                                                                                                                                                                       |
|                                | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Legal      Opinion issued from a law firm of good repute confirming the absence of      conflict on securities between the various credit facilities of the      Borrower and securities under the Finance Documents                                                                                                                                                                                                                                                                 |
|                                | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Credit      Committee Approval                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                                | ●                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | Compliance      Committee Approval                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Financial      Information          | The      Borrower shall provide the Bank with Audited Accounts of Aegean Marine      Petroleum Network Inc., to be received within 90 days maximum of each      financial year end, and Mid-Year Management Accounts to be received within      60 days of the end of each semester.                                                                                                                                                                                                                                                                                                                                       |
|                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Expenses                            | All      legal expenses (including any perfection or formality requirements) as      well as any taxes or stamp duty of any kind (if any) incurred by the Bank      in the preparation, negotiation and execution (whether effective or not)      of the Facility or in connection with the consideration of any amendment,      waiver or consent requested by the Borrower or with the enforcement or      preservation of rights under the Facility, including the Bank's counsel's      costs, shall be promptly paid by the Borrower on demand and shall be for      the account of the Borrower.                     |
|                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Governing      law and jurisdiction | Notwithstanding      Clause XVI (Applicable Law — Competent Courts) of the General Conditions,      this Agreement shall be governed by and construed in accordance with the      laws of England. Notwithstanding Clause XVI (Applicable Law — Competent      Courts) of the General Conditions, the English courts shall have exclusive      jurisdiction to settle any dispute arising out of or in connection with      this Agreement (including a dispute regarding the existence, validity or      termination of this Agreement) and the each of the Obligors irrevocably      submits, for the Bank's |

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|   | CORPORATE      & INVESTMENT BANKING - Energy and      Commodities |   |

|   | sole      benefit, to the jurisdiction of such courts. The Borrower hereby appoints      Riches Consulting of Old Jarretts Farmhouse, Brantridge Lane, Balcombe,      West Sussex, RH 17 6 JR, United Kingdom as its agent for service of      process in relation to any proceedings before the English courts in      connection with this Agreement and agrees that failure by a process agent      to notify it of the process will not invalidate the proceedings      concerned. |
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|                             |   |                              |
|----------------------------------|--------|-----------------------------------|
|                             |   |                              |
| /s/      Illegible               |   | /s/      Spyros Gianniotis        |
| BNP      Paribas                 |   | Aegean      Marine Petroleum SA   |
|                             |   |                              |
| /s/      Christophe Salmon  |   | /s/      Gregoris Robolaksi  |
|                             |   |                              |

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