Exhibit 10.2 NewPage - Executed ABL Agreement

(b) Default in Other Agreements. (i) Failure of any Credit Party or any of
their respective Subsidiaries to pay when due any principal of or interest on or any other amount,
including any payment in settlement, payable in respect of one or more items of Indebtedness
with an aggregate principal amount (or Net Mark-to-Market Exposure) of $25,000,000 or more,
in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any
Credit Party with respect to any other material term of (1) one or more items of Indebtedness in
the individual or aggregate principal amounts (or Net Mark-to-Market Exposure) referred to in
clause (i) above or (2) any loan agreement, mortgage, indenture or other agreement relating to
such item(s) of Indebtedness, in each case beyond the grace period, if any, provided therefor, if
the effect of such breach or default is to cause, or to permit the holder or holders of that
Indebtedness (or a trustee on behalf of such holder or holders), to cause, that Indebtedness to
become or be declared due and payable (or subject to a compulsory repurchase or redeemable)
prior to its stated maturity or the stated maturity of any underlying obligation, as the case may
be; provided, that clause (ii) shall not apply to secured Indebtedness that becomes due or subject
to a mandatory offer to repurchase, prepay, defease or redeem such Indebtedness as a result of
the voluntary sale or transfer of the property or assets securing such Indebtedness, if such sale or
transfer is permitted hereunder and under the documents providing for such Indebtedness; or
(c) Breach of Certain Covenants. Failure of any Credit Party to perform or
comply with any term or condition contained in Section 5.02, 5.12 or 5.18 or in Article VI; or
(d) Breach of Representations, Etc. Any representation, warranty,
certification or other statement made or deemed made by any Credit Party in any Credit
Document or in any statement or certificate at any time given by any Credit Party or any of its
Subsidiaries in writing pursuant hereto or thereto or in connection herewith or therewith shall be
false in any material respect as of the date made or deemed made; or
(e) Other Defaults Under Credit Documents. Any Credit Party shall default in
the performance of or compliance with any term contained in (i) Section 5.01(n) applicable
during the Weekly Reporting Period and such default shall not have been remedied or waived
within ten days after the earlier of (A) an officer of such Credit Party becoming aware of such
default or (B) receipt by Borrower of notice from Administrative Agent or any Lender of such
default or (ii) herein or any of the other Credit Documents, other than any such term referred to
in the foregoing clause (i) or in any other paragraph of this Article VIII, and such default shall
not have been remedied or waived within thirty days after the earlier of (A) an officer of such
Credit Party becoming aware of such default or (B) receipt by Borrower of notice from
Administrative Agent or any Lender of such default; or
(f) Involuntary Bankruptcy; Appointment of Receiver, Etc. (i) A court of
competent jurisdiction shall enter a decree or order for relief in respect of Holdings or any of its
Subsidiaries in an involuntary case under any Debtor Relief Laws now or hereafter in effect,
which decree or order is not stayed; or any other similar relief shall be granted under any
applicable federal or state law; or (ii) an involuntary case shall be commenced against Holdings
or any of its Subsidiaries under any Debtor Relief Laws now or hereafter in effect; or a decree or
order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator,
sequestrator, trustee, custodian or other officer having similar powers over Holdings or any of its
Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there
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