Exhibit 10.2 NewPage - Executed ABL Agreement

“shall”. Unless the context requires otherwise, (a) any definition of or reference to any
agreement, instrument or other document herein shall be construed as referring to such
agreement, instrument or other document as from time to time amended, supplemented or
otherwise modified, (b) any reference herein to any Person shall be construed to include such
Person’s successors and assigns, and as to NewPageCo, Holdings, any other Guarantor or any
other Grantor shall be deemed to include a receiver, trustee or debtor-in-possession on behalf of
any of such person or on behalf of any such successor or assign, (c) the words “herein”, “hereof”
and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its
entirety and not to any particular provision hereof, (d) all references herein to Sections shall be
construed to refer to Sections of this Agreement and (e) the words “asset” and “property” shall
be construed to have the same meaning and effect and to refer to any and all tangible and
intangible assets and properties, including cash, securities, accounts and contract rights.
Section 2.
Lien Priorities
2.1 Acknowledgment of Liens.
(a) Revolving Loan Agent, on behalf of itself and each Revolving
Loan Secured Party, hereby acknowledges that Term Loan Agent, acting for and on behalf of
itself and the Term Loan Secured Parties, has been granted Liens upon all of the Shared
Collateral pursuant to the Term Loan Documents to secure the Term Loan Debt.
(b) Term Loan Agent, on behalf of itself and each Term Loan Secured
Party, hereby acknowledges that Revolving Loan Agent, acting for and on behalf of itself and the
Revolving Loan Secured Parties, has been granted Liens upon all of the Shared Collateral
pursuant to the Revolving Loan Documents to secure the Revolving Loan Debt.
2.2 Relative Priorities.
(a) Notwithstanding the date, manner or order of grant, attachment or
perfection of any Liens granted to Revolving Loan Agent or the Revolving Loan Secured Parties
or Term Loan Agent or the Term Loan Secured Parties and notwithstanding any provision of the
UCC, any similar law of any other jurisdiction outside of the United States, or any applicable law
or any provisions of the Revolving Loan Documents or the Term Loan Documents or any defect
or deficiencies in, or failure to perfect, any Liens or any other circumstance whatsoever, the
Term Loan Agent, on behalf of itself and the Term Loan Secured Parties, and the Revolving
Loan Agent, on behalf of itself and the Revolving Loan Secured Parties, hereby agree that:
(i) any Lien on the Revolving Loan Priority Collateral securing
the Revolving Loan Debt now or hereafter held by or for the benefit or on behalf of any
Revolving Loan Secured Party or any agent or trustee therefor shall be senior in right,
priority, operation, effect and in all other respects to any Lien on the Revolving Loan
Priority Collateral securing the Term Loan Debt now or hereafter held by or for the
benefit or on behalf of any Term Loan Secured Party or any agent or trustee therefor, and
any Lien on the Revolving Loan Priority Collateral securing any of the Term Loan Debt
now or hereafter held by or for the benefit or on behalf of any Term Loan Secured Party
or any agent or trustee therefor regardless of how acquired, whether by grant, statute,
CH\1408709.10
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