Exhibit 10.2 NewPage - Executed ABL Agreement

Collateral), or the validity or enforceability of the priorities, rights or obligations
established by this Agreement.
(c) Until the Discharge of Revolving Loan Debt has occurred, whether
or not any Insolvency Proceeding has commenced with respect to any Grantor, subject to Section
3.1(a)(i) hereof, the Revolving Loan Secured Parties shall have the exclusive right to commence,
and if applicable, maintain the exercise of its rights and remedies with respect to the Revolving
Loan Priority Collateral, including, without limitation, the exclusive right, to the extent provided
for in the Revolving Loan Documents or under applicable law, to appoint an administrator or a
receiver in respect of the Revolving Loan Priority Collateral, to take or retake control or
possession of such Collateral and to hold, prepare for sale, process, and subject to Section 3.1(a)
hereof, sell, lease, dispose of, or liquidate such Revolving Loan Priority Collateral, without any
consultation with or the consent of any Term Loan Secured Party; provided that, the Lien
securing the Term Loan Debt shall continue as to the Proceeds of such Collateral released or
disposed of subject to the relative priorities described in Section 2 hereof. In exercising
enforcement rights and remedies with respect to the Revolving Loan Priority Collateral, the
Revolving Loan Secured Parties may enforce the provisions of the Revolving Loan Documents
with respect to the Revolving Loan Priority Collateral and exercise remedies thereunder, all in
such order and in such manner as they may determine in the exercise of their sole discretion.
Such exercise and enforcement shall include the rights of an agent appointed by them to sell or
otherwise realize on or dispose of any Revolving Loan Priority Collateral upon foreclosure, to
incur expenses in connection with such sale or other realization or disposition, and to exercise all
of the rights and remedies of a secured creditor under the UCC or any similar law of any other
jurisdiction outside of the United States and of a secured creditor under the Bankruptcy Laws of
any applicable jurisdiction. Term Loan Secured Parties shall not have any right to direct any
Revolving Loan Secured Party to exercise any right, remedy or power with respect to the
Revolving Loan Priority Collateral, and each Term Loan Secured Party shall have no right to
consent to any exercise of remedies under the Revolving Loan Documents or applicable law in
respect of any of the Revolving Loan Priority Collateral. No Term Loan Secured Party shall
institute any suit or assert in any suit, bankruptcy, insolvency or other proceeding any claim
against any Revolving Loan Secured Party seeking damages from or other relief by way of
specific performance, instructions or otherwise, with respect to the Shared Collateral.
(d) Until the Discharge of Term Loan Debt has occurred, whether or
not any Insolvency Proceeding has commenced with respect to any Grantor, subject to Section
3.1(b)(i) hereof, the Term Loan Secured Parties shall have the exclusive right to commence, and
if applicable, maintain the exercise of its rights and remedies with respect to the Term Loan
Priority Collateral, including, without limitation, the exclusive right, to the extent provided for in
the Term Loan Documents or under applicable law, to appoint an administrator or a receiver in
respect of the Term Loan Priority Collateral, to take or retake control or possession of such
Collateral and to hold, prepare for sale, process, and subject to Section 3.1(b) hereof, sell, lease,
dispose of, or liquidate such Term Loan Priority Collateral, without any consultation with or the
consent of any Revolving Loan Secured Party; provided that, the Lien securing the Revolving
Loan Debt shall continue as to the Proceeds of such Collateral released or disposed of subject to
the relative priorities described in Section 2 hereof. In exercising enforcement rights and
remedies with respect to the Term Loan Priority Collateral, the Term Loan Secured Parties may
enforce the provisions of the Term Loan Documents with respect to the Term Loan Priority
CH\1408709.10
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