Exhibit 10.2 NewPage - Executed ABL Agreement

Schedule 6.03, and amendments, modifications, extensions and renewals thereof (including any
such extension or renewal arising as a result of an extension, renewal or refinancing of any
Indebtedness containing such restriction or condition); provided, in each case, that the scope of
any such restriction or condition shall not have been expanded as a result thereof, (e) restrictions
and conditions imposed by any agreement relating to secured Indebtedness permitted by Section
6.01(k) or 6.0(l); provided, that such restrictions and conditions apply only to the assets securing
such Indebtedness, (f) restrictions and conditions imposed by agreements binding on any
Subsidiary (or on any Person not previously a Subsidiary that is merged or consolidated with or
into a Subsidiary in a transaction permitted hereunder) in existence at the time such Subsidiary
became a Subsidiary (or at the time of such merger or consolidation); provided, that such
restrictions and conditions apply only to such Subsidiary (or, in the case of any such merger or
consolidation, the Persons party thereto), and amendments, modifications, extensions or renewals
thereof (including any such extension or renewal arising as a result of an extension, renewal or,
in the case of any such agreement relating to Indebtedness, refinancing of such agreement);
provided, in each case, that the scope of any such restriction or condition shall not have been
expanded as a result thereof, (g) in connection with the sale of any Equity Interests in a
Subsidiary or any other assets, customary restrictions and conditions contained in agreements
relating to such sale pending the completion thereof; provided, that such restrictions and
conditions apply only to the Subsidiary or the other assets to be sold and such sale is permitted
under Section 6.07, (h) restrictions and conditions contained in agreements and documents
governing Indebtedness of any Subsidiary permitted hereunder that is not, and is not required to
become, a Credit Party hereunder; provided, that such restrictions and conditions apply only to
such Subsidiary, and (i) restrictions in any Refinancing Indebtedness as long as, in the case of
this clause (i), any restrictions on the creation or assumption of any Lien upon any of Credit
Party’s properties or assets, whether now owned or hereafter acquired, to secure the Secured
Obligations in Refinancing Indebtedness shall not be less favorable to the Secured Parties, when
taken as a whole, than any such restrictions in the Refinanced Debt, no Credit Party nor any of its
Subsidiaries shall enter into any agreement prohibiting the creation or assumption of any Lien
upon any of its properties or assets, whether now owned or hereafter acquired, to secure the
Secured Obligations.
SECTION 6.04 Restricted Junior Payments. No Credit Party shall, nor shall it
permit any of its Subsidiaries or Affiliates that are controlled by Holdings or any of its
Subsidiaries through any manner or means or through any other Person to, directly or indirectly,
declare, order, pay, make or set apart, or agree to declare, order, pay, make or set apart, any sum
for any Restricted Junior Payment except that:
(a) Any Subsidiary of Borrower may declare and pay dividends or make other
distributions ratably to its equity holders;
(b) payments of reasonable and customary Earn Out Indebtedness will be
permitted; provided that both immediately prior to and after giving effect to the incurrence
thereof, no Default or Event of Default shall exist or result therefrom;
(c) Borrower may make Restricted Junior Payments to Holdings (i) in an
aggregate amount not to exceed $2,000,000 in any Fiscal Year, to the extent necessary to permit
Holdings to pay general administrative costs and expenses, so long as no Default or Event of
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