Exhibit 10.2 NewPage - Executed ABL Agreement

“Banking Services Obligations” in the Revolving Loan Agreement as in effect on the date
hereof.
“Collateral” shall mean all of the property and interests in property, real or personal,
tangible or intangible, now owned or hereafter acquired by any Grantor in or upon which any
Revolving Loan Secured Party or Term Loan Secured Party at any time has or purports to have a
Lien, and including, without limitation, all Proceeds of such property and interests in property.
“Discharge of Revolving Loan Debt” shall mean, subject to Sections 6.9 and 11.3 hereof:
(a) the payment in full in cash of the principal and interest (including any interest
which would accrue and become due but for the commencement of an Insolvency Proceeding,
whether or not such amounts are allowed or allowable in whole or in part in such Insolvency
Proceeding) constituting Revolving Loan Debt;
(b) the payment in full in cash of all other Revolving Loan Debt that is due and
payable or otherwise accrued and owing at or prior to the time such principal and interest are
paid (including any such amounts which would accrue and become due but for the
commencement of an Insolvency Proceeding, whether or not such amounts are allowed or
allowable in whole or in part in such Insolvency Proceeding), other than indemnification
obligations for which no claim or demand for payment, whether oral or written, has been made at
such time;
(c) (i) the delivery to Revolving Loan Agent of cash collateral, or at Revolving
Loan Agent’s option, the delivery to Revolving Loan Agent of a letter of credit issued by a bank
acceptable to Revolving Loan Agent and in form and substance satisfactory to Revolving Loan
Agent, in either case in respect of letters of credit, banker’s acceptances or similar instruments
issued under the Revolving Loan Documents (in an amount equal to one hundred five (105%)
percent of the amount of such letters of credit, banker’s acceptance or similar instruments),
Revolving Loan Bank Product Obligations (or, at the option of the Revolving Loan Secured
Party with respect to such Revolving Loan Bank Product Obligations, the termination of the
applicable Revolving Loan Bank Product Obligations and the payment in full in cash of
Revolving Loan Debt due and payable in connection with such termination), and (ii) the delivery
to Revolving Loan Agent of cash collateral, or at Revolving Loan Agent’s option, the delivery to
Revolving Loan Agent of a letter of credit issued by a bank acceptable to Revolving Loan Agent
and in form and substance satisfactory to Revolving Loan Agent, in either case in respect of
continuing obligations of Revolving Loan Agent and Revolving Loan Lenders under control
agreements and other contingent Revolving Loan Debt for which a claim or demand for payment
has been made at such time or in respect of matters or circumstances known to a Revolving Loan
Secured Party at the time which are reasonably expected to result in any loss, cost, damage or
expense (including attorneys’ fees and legal expenses) to any Revolving Loan Secured Party for
which such Revolving Loan Secured Party is entitled to indemnification by any Grantor; and
(d) the termination of the commitments of the Revolving Loan Lenders and the
financing arrangements provided by Revolving Loan Agent and the Revolving Loan Lenders to
Grantors under the Revolving Loan Documents.
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