Exhibit 10.2 NewPage - Executed ABL Agreement

extent applicable, similar to those described in Section 3.01. In the event that any Person
becomes a CFC Subsidiary of Borrower (other than an Immaterial Subsidiary or an Unrestricted
Subsidiary) or any Unrestricted Subsidiary is converted into a Restricted Subsidiary that is a
CFC Subsidiary (other than an Immaterial Subsidiary) after the Effective Date, and the
ownership interests of such CFC Subsidiary are owned by Borrower or by any Subsidiary (other
than an Immaterial Subsidiary or an Unrestricted Subsidiary) thereof, Borrower shall, or shall
cause such Subsidiary to, deliver all such documents, instruments, agreements, and certificates as
are similar to those described in Section 3.01(b), and Borrower shall take, or shall cause such
Subsidiary to take, all of the actions referred to in Section 3.01(h)(i) necessary to grant and to
perfect a Second Priority Lien in favor of Administrative Agent, for the benefit of Secured
Parties, under the Pledge and Security Agreement in stock representing (i) 65% of the total
combined voting power of the issued and outstanding voting stock or other voting equity
interests and (ii) 100% of the non-voting stock or other equity interests in such CFC Subsidiary.
With respect to each such Subsidiary described in the previous two sentences, Borrower shall
promptly send to Administrative Agent written notice setting forth with respect to such Person
(i) the date on which such Person became a Subsidiary of Borrower or was converted into a
Restricted Subsidiary, as applicable, and (ii) all of the data required to be set forth in Schedules
4.01 and 4.02 with respect to all Subsidiaries of Borrower; and such written notice shall be
deemed to supplement Schedule 4.01 and 4.02 for all purposes hereof. Notwithstanding
anything to the contrary herein or any other Credit Document, (a) neither Holdings nor any of its
Subsidiaries shall be required to grant a security interest in (i) the Equity Interests of any
Unrestricted Subsidiary or (ii) any Excluded Assets (as defined in the Pledge and Security
Agreement), (b) in no case shall stock or other Equity Interests representing more than 65% of
the total combined voting power of a CFC Subsidiary be pledged directly or indirectly to secure
the Secured Obligations (including by virtue of a pledge of Equity Interests in a Disregarded
Entity that owns a CFC Subsidiary) (c) no CFC Subsidiary (or Disregarded Entity that is a direct
or indirect subsidiary of such CFC Subsidiary) shall guaranty directly or indirectly the Secured
Obligations and (d) no asset of any CFC Subsidiary (or Disregarded Entity that is a direct or
indirect Subsidiary of such CFC Subsidiary), including any Equity Interests in its Subsidiaries
and including the assets of any Subsidiary shares of which are owned by a CFC Subsidiary, shall
directly or indirectly serve as security for the obligations under the Credit Documents.
SECTION 5.11 Additional Material Real Estate AssetsIn the event that (w) any
Credit Party acquires a Material Real Estate Asset, (x) a Real Estate Asset owned on the
Effective Date becomes a Material Real Estate Asset, (y) Borrower failed to deliver the
documentation required by, and otherwise comply with, Section 3.01(g) with respect to a
Material Real Estate Asset owned on the Effective Date, or (z) any Unrestricted Subsidiary that
owns a Material Real Estate Asset is converted into a Restricted Subsidiary after the Effective
Date and such interest in such Material Real Estate Asset has not otherwise been made subject to
the Lien of the Collateral Documents in favor of Administrative Agent, for the benefit of Secured
Parties, then such Credit Party shall promptly take all such actions and execute and deliver, or
cause to be executed and delivered, (a) mortgages, opinions, title policies and certificates similar
to those described in Section 3.01(g) and (b) all final (including final internal, non-privileged)
environmental audits and reports in such Credit Party’s possession that were prepared in the four
years prior to the date of the acquisition of, or conversion into, such material Real Estate Asset
by any Credit Party, and which materially bears on such Credit Party’s compliance with or
liability under Environmental Law in connection with such Material Real Estate Asset, including
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