Exhibit 10.2 NewPage - Executed ABL Agreement

“Hedging Obligations” shall mean (a) with respect to any Person, the obligations under
hedge agreements of such Person of the type described in the definition of “Hedge Agreement”
in the Term Loan Agreement as in effect on the date hereof and (b) obligations of the type
described in the definition of “Designated Hedge Obligations” in the Revolving Loan Agreement
as in effect on the date hereof.
“Holdings” has the meaning given in the recitals hereto.
“Insolvency Proceeding” shall mean (a) any voluntary or involuntary case or proceeding
under any Bankruptcy Law with respect to any Grantor, (b) any other voluntary or involuntary
insolvency, reorganization or bankruptcy case or proceeding, or any receivership, liquidation,
reorganization or other similar case or proceeding with respect to any Grantor or with respect to
any of their respective assets, (c) any proceeding seeking the appointment of any trustee,
receiver, liquidator, custodian or other insolvency official with similar powers with respect to
such Person or any or all of its assets or properties, (d) any liquidation, dissolution,
reorganization or winding up of any Grantor whether voluntary or involuntary and whether or
not involving insolvency or bankruptcy or (e) any assignment for the benefit of creditors or any
other marshalling of assets and liabilities of any Grantor.
“Junior Agent” shall have the meaning set forth in Section 3.2(a) hereof.
“Lien” shall mean any mortgage, deed of trust, pledge, hypothecation, assignment,
deposit arrangement, lien (statutory or other), security interest, encumbrance (including, but not
limited to, easements, rights of way and the like), security agreement or transfer intended as
security, including without limitation, any conditional sale or other title retention agreement, the
interest of a lessor under a capital lease or any financing lease having substantially the same
economic effect as any of the foregoing.
“NewPageCo” shall have the meaning set forth in the recitals hereto.
“Person” or “person” shall mean any individual, sole proprietorship, partnership,
corporation (including, without limitation, any corporation which elects subchapter S status
under the Internal Revenue Code of 1986, as amended), limited liability company, limited
liability partnership, business trust, unincorporated association, joint stock company, trust, joint
venture, or other entity or any government or any agency or instrumentality or political
subdivision thereof.
“Pledged Collateral” shall have the meaning set forth in Section 5.1 hereof.
“Proceeds” or “proceeds” shall mean all “proceeds” as defined in Article 9 of the UCC,
and in any event, shall include, without limitation whatever is receivable or received when
Collateral or proceeds are sold, exchanged, collected or otherwise disposed of, whether such
disposition is voluntary or involuntary.
“Purchasing Revolving Loan Secured Parties” shall have the meaning set forth in Section
8.1 hereof.
CH\1408709.10
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