Exhibit 10.2 NewPage - Executed ABL Agreement

shall have occurred the involuntary appointment of an interim receiver, trustee or other custodian
of Holdings or any of its Subsidiaries for all or a substantial part of its property; or a warrant of
attachment, execution or similar process shall have been issued against any substantial part of the
property of Holdings or any of its Subsidiaries, and any such event described in this clause (ii)
shall continue for sixty days without having been dismissed, bonded or discharged, in each case,
other than with respect to an Immaterial Subsidiary; or
(g) Voluntary Bankruptcy; Appointment of Receiver, Etc. (i) Holdings or any
of its Subsidiaries shall have an order for relief entered with respect to it or shall commence a
voluntary case under any Debtor Relief Laws now or hereafter in effect, or shall consent to the
entry of an order for relief in an involuntary case, or to the conversion of an involuntary case to a
voluntary case, under any such law, or shall consent to the appointment of or taking possession
by a receiver, trustee or other custodian for all or a substantial part of its property; or Holdings or
any of its Subsidiaries shall make any assignment for the benefit of creditors; (ii) Holdings or
any of its Subsidiaries shall be unable, or shall fail generally, or shall admit in writing its
inability, to pay its debts as such debts become due; or the board of directors (or similar
governing body) of Holdings or any of its Subsidiaries (or any committee thereof) shall adopt
any resolution or otherwise authorize any action to approve any of the actions referred to herein
or in clause(f) of this Article; or (iii) any material suspension by Holdings or any Subsidiary of
operation of its business (other than suspensions in the ordinary course of business, including,
without limitation, mill downtime consistent with past practices, including, without limitation,
market and maintenance related downtime), in each case, other than with respect to an
Immaterial Subsidiary; or
(h) Judgments and Attachments. Any money judgment, writ or warrant of
attachment or similar process involving in the aggregate at any time an amount in excess of
$25,000,000 (in each case, to the extent not adequately covered by insurance as to which a
solvent and unaffiliated insurance company has acknowledged coverage) shall be entered or filed
against Holdings or any of its Subsidiaries or any of their respective assets and shall remain
undischarged, unvacated, unbonded or unstayed for a period of sixty days (or in any event later
than five days prior to the date of any proposed sale thereunder); or
(i) Dissolution. Any order, judgment or decree shall be entered against any
Credit Party decreeing the dissolution or split up of such Credit Party and such order shall remain
undischarged or unstayed for a period in excess of thirty days; or
(j) Employee Benefit Plans. (i) There shall occur one or more ERISA Events
which individually or in the aggregate results in or might reasonably be expected to result in
liability of Holdings or any of its ERISA Affiliates in excess of $25,000,000 during the term
hereof; or (ii) there exists any fact or circumstance that reasonably could be expected to result in
the imposition of a Lien or security interest pursuant to Section 430(k) of the Internal Revenue
Code or ERISA or a violation of Section 436 of the Internal Revenue Code; or
(k)
Change of Control. A Change of Control shall occur; or
(l) Guaranties, Collateral Documents and other Credit Documents. At any
time after the execution and delivery thereof, (i) the Guaranty for any reason, other than the
CH\1416587.18
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