Exhibit 10.2 NewPage - Executed ABL Agreement

Availability is greater than or equal to the greater of (i) $35,000,000 and (ii) 10% of the
aggregate Commitments then in effect for 30 consecutive days.
“Cash Equivalents” means, as at any date of determination, any of the following: (i)
marketable securities (a) issued or directly and unconditionally guaranteed as to interest and
principal by the United States Government or (b) issued by any agency of the United States the
obligations of which are backed by the full faith and credit of the United States, in each case
maturing within one year after such date; (ii) marketable direct obligations issued by any state of
the United States of America or any political subdivision of any such state or any public
instrumentality thereof, in each case maturing within one year after such date and having, at the
time of the acquisition thereof, a rating of at least A-2 from S&P or at least P-2 from Moody’s;
(iii) commercial paper maturing no more than one year from the date of creation thereof and
having, at the time of the acquisition thereof, a rating of at least A-2 from S&P or at least P-2
from Moody’s; (iv) certificates of deposit or bankers’ acceptances maturing within three months
after such date and issued or accepted by any Lender or by any commercial bank organized
under the laws of the United States of America or any state thereof or the District of Columbia
that (a) is at least “adequately capitalized” (as defined in the regulations of its primary federal
banking regulator) and (b) has Tier 1 capital (as defined in such regulations) of not less than
$1,000,000,000; (v) shares of any money market mutual fund that (a) has substantially all of its
assets invested continuously in the types of investments referred to in clauses (i) and (ii) above,
(b) has net assets of not less than $2,500,000,000, and (c) has the highest rating obtainable from
either S&P or Moody’s; and (vi) repurchase obligations with a term of not more than 90 days for
underlying securities of the types described in clause (i) above entered into with any bank or trust
company meeting the qualifications specified in clause (iv) above.
“Change in Law” means (a) the adoption of any law, rule, regulation or treaty (including
any rules or regulations issued under or implementing any existing law) after the date of this
Agreement, (b) any change in any law, rule, regulation or treaty or in the interpretation or
application thereof by any Governmental Authority after the date of this Agreement or (c)
compliance by any Lender or any Issuing Bank (or, for purposes of Section 2.15(b), by any
lending office of such Lender or by such Lender’s or such Issuing Bank’s holding company, if
any) with any request, guideline or directive (whether or not having the force of law) of any
Governmental Authority made or issued after the date of this Agreement; provided that
notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and
Consumer Protection Act and all requests, rules, guidelines or directives thereunder, issued in
connection therewith or in implementation thereof, and (ii) all requests, rules, guidelines and
directives promulgated by the Bank for International Settlements, the Basel Committee on
Banking Supervision (or any successor or similar authority) or the United States or foreign
regulatory authorities, shall in each case be deemed to be a “Change in Law”, regardless of the
date enacted, adopted, issued or implemented.
“CFC Subsidiary” means any Subsidiary which is a “controlled foreign corporation”
within the meaning of Section 957 of the Internal Revenue Code.
“Change of Control” means (i) at any time prior to the consummation of a Qualified IPO,
any Person or group (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act) (a)
shall have acquired beneficial ownership or control of 50% or more of the aggregate ordinary
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