Exhibit 10.2 NewPage - Executed ABL Agreement

course of business and not interfering in any material respect with the ordinary conduct of or
materially detracting from the value of the business of Borrower or such Subsidiary;
(l) Liens described in Schedule 6.02 (and, to the extent any Indebtedness
underlying such Liens is refinanced with Permitted Refinancing Indebtedness, Liens securing
such Permitted Refinancing Indebtedness) or on a title report delivered pursuant to Section
3.01(g)(iii);
(m) Liens securing Indebtedness permitted pursuant to Section 6.01(j) and
6.01(k); provided, any such Lien shall encumber only the asset acquired with the proceeds of
such Indebtedness;
(n) Liens securing Indebtedness permitted by Section 6.01(l), provided any
such Lien shall encumber only those assets which secured such Indebtedness at the time such
assets were acquired by Borrower or its Subsidiaries;
(o) subject to the Intercreditor Agreement, Liens in favor of the Term
Collateral Agent securing Indebtedness permitted pursuant to Section 6.01(m);
of business;
(p)
customary security deposits under operating leases in the ordinary course
(q) customary rights of first refusal, “tag-along” and “drag-along” rights, and
put and call arrangements under joint venture agreements;
(r) in connection with the sale or transfer of any Equity Interests or other
assets in a transaction permitted under Section 6.07, customary rights and restrictions contained
in agreements relating to such sale or transfer pending the completion thereof;
(s) other Liens securing Indebtedness in an aggregate amount not to exceed
$20,000,000 at any time outstanding; and
(t) in each case subject to the applicable intercreditor agreement, Liens on the
Collateral securing (i) Indebtedness permitted by Section 6.01(h), (ii) Permitted First Priority
Refinancing Debt to the extent such Indebtedness is permitted by Section 6.01(r) or (iii)
Permitted Second Priority Refinancing Debt to the extent such Indebtedness is permitted by
Section 6.01(r).
SECTION 6.03 No Further Negative Pledges. Except with respect to (a) specific
property encumbered to secure payment of particular Indebtedness or to be sold pursuant to an
executed agreement with respect to a sale or other disposition of assets permitted hereunder, (b)
restrictions by reason of customary provisions restricting assignments, subletting or other
transfers contained in leases, licenses and similar agreements entered into in the ordinary course
of business (provided that such restrictions are limited to the property or assets secured by such
Liens or the property or assets subject to such leases, licenses or similar agreements, as the case
may be), (c) restrictions and conditions imposed by any Credit Document, the Intercreditor
Agreement, the Revolving Facility Credit Agreement and other documentation entered into in
connection therewith, (d) restrictions and conditions existing on the date hereof identified on
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