0001047469-05-027141 Sample Contracts

FORM OF SHIPBUILDING CONTRACT FOR CONSTRUCTION OF ONE 3,500 DWT PRODUCT OIL TANKER WITH FUJIAN SOUTHEAST SHIPYARD, AS AMENDED
Shipbuilding Contract • November 17th, 2005 • Aegean Marine Petroleum Network Inc.

This CONTRACT, entered into this 6th of February 2005, by and between , a corporation organized and existing under the Laws of Marshall Islands, having its registered office at Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH 96960 or its nominee, (hereinafter called the “BUYER”) on one part; and Fujian Southeast Shipyard, a corporation organized and existing under the Laws of the People’s Republic of China, having its registered office at 7# Jianshe Road, Economic Technical Development Zone of Fuzhou, Fujian Province, the People’s Republic of China (hereinafter called the “BUILDER”), and Fujian Shipbuilding Industry Group Corporation (abbreviated as “FSIGC”) a corporation organized and existing under the Laws of the People’s Republic of China, having its registered office at 27 Qunzhong Road Fuzhou Fujian, the People’s Republic of China on the other part. FSIGC and the BUILDER are hereinafter collectively called the “SELLER”.

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MARINE FUEL SUPPLY SERVICE AGREEMENT, DATED APRIL 1, 2005, BY AND BETWEEN AEGEAN MARINE PETROLEUM S.A. AND AEGEAN OIL S.A.
Marine Fuel Supply Service Agreement • November 17th, 2005 • Aegean Marine Petroleum Network Inc.
CONTRACT FOR THE GRANTING OF CREDIT BY A CURRENT ACCOUNT
Credit Agreement • November 17th, 2005 • Aegean Marine Petroleum Network Inc.

In Piraeus this 3 October 2005 between The Royal Bank of Scotland plc of Edinburgh, Piraeus Branch, lawfully represented by Mr Fotis Bratimos (hereinafter called “the Bank”) of the first part and Aegean Marine Petroleum Network Inc (hereinafter called “the Borrower”) of the second part, Mr Dimitrios Melissanides and Leveret International Inc (hereinafter called “the Guarantor”) of the third part, it was mutually agreed as follows:

SHORT TERM FINANCING AGREEMENT
Short Term Financing Agreement • November 17th, 2005 • Aegean Marine Petroleum Network Inc.
FORM OF LICENSE AGREEMENT
License Agreement • November 17th, 2005 • Aegean Marine Petroleum Network Inc.

THIS AGREEMENT dated as of __________ ___, 2005 is made by and between Aigaion Oil Anonimi Eteria Viomhxanias Kai Emporias Petrelaioeidon, a Greek corporation with an address at 42 Hatzikyriakou Avenue, Piraeus 185 38 Athens, Greece, (“Licensor”) and Aegean Marine Petroleum Network Inc., a Marshall Islands corporation with an address at Trust Company Complex, Ajeltake Road, Ajeltake Island, P.O. Box 1405, Majuro, Marshall Islands MH96960, (“Licensee”).

LOAN AGREEMENT, DATED SEPTEMBER 21, 2004, BY AND BETWEEN AEGEAN MARINE PETROLEUM SCOTLAND PLC, AS LENDER
Loan Agreement • November 17th, 2005 • Aegean Marine Petroleum Network Inc. • London

WHEREAS the Lender has agreed to make available to the Borrower a revolving credit facility of up to US$25,000,000 for the purpose of purchasing and transporting fuel cargoes and payment of other expenses incidental to the supply of bunkers and lubricants to customers.

SHORT TERM FINANCING AGREEMENT
Short Term Financing Agreement • November 17th, 2005 • Aegean Marine Petroleum Network Inc.

MILOS MARITIME INC, and SERIFOS MARITIME INC, both of Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960, Marshall Islands (hereinafter the “Co-Borrowers”).

OPTION AGREEMENT, DATED MARCH 31, 2005, BY AND BETWEEN AEGEAN BUNKERING SERVICES INC. AND FUJIAN SOUTHEAST SHIPYARD, AS AMENDED
Option Agreement • November 17th, 2005 • Aegean Marine Petroleum Network Inc. • London

Aegean Bunkering Services Inc. a corporation organized and existing under the Laws of Greece, having its registered office at 42, Hadjikyriakou Avenue, Piraeus 185 38-Greece or its nominee, (hereinafter called the “BUYER”); and

OPTION AGREEMENT, DATED JUNE 3, 2005, BY AND BETWEEN AEGEAN BUNKERING SERVICES INC. AND SEVERNAV S.A.
Option Agreement • November 17th, 2005 • Aegean Marine Petroleum Network Inc. • London
SHORT TERM FINANCING AGREEMENT, DATED JUNE 6, 2005, BY AND AMONG LEVERET INTERNATIONAL INC., AS LENDER, AND CERTAIN BORROWERS LISTED THEREIN
Short Term Financing Agreement • November 17th, 2005 • Aegean Marine Petroleum Network Inc.

AMORGOS MARITIME INC, KIMOLOS MARITIME INC, KITHNOS MARITIME INC, MILOS MARITIME INC, MYCONOS MARITIME INC, NAXOS MARITIME INC, PAROS MARITIME INC, SANTORINI MARITIME INC, SERIFOS MARITIME INC, SYROS MARITIME INC, all of Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960, Marshall Islands (hereinafter the “Co-Borrowers”)

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