Exhibit 10.2 NewPage - Executed ABL Agreement

Loan Agent with respect thereto. It is understood and agreed that Proceeds of Equity Interests
and the Term Loan Assets Proceeds Account and the proceeds thereof shall not be subject to this
Section 3.2(c) and shall constitute Term Loan Priority Collateral. Notwithstanding anything in
the Revolving Loan Documents or Term Loan Documents to the contrary, no Revolving Loan
Event of Default or Term Loan Event of Default shall occur as a result of any delay in paying
over any such Proceeds of Shared Collateral, if such delay is caused by the failure of the
Revolving Loan Agent and the Term Loan Agent to agree on the allocation of such Proceeds.
3.3 Insurance and Condemnation Awards.
(a) So long as the Discharge of Revolving Loan Debt has not occurred,
Revolving Loan Agent and the other Revolving Loan Secured Parties shall have the sole and
exclusive right, subject to the rights of Grantors under the Revolving Loan Documents, to settle
and adjust claims in respect of the Revolving Loan Priority Collateral under policies of insurance
and to approve any award granted in any condemnation or similar proceeding, or any deed in lieu
of condemnation in respect of the Revolving Loan Priority Collateral. So long as the Discharge
of Revolving Loan Debt has not occurred, all Proceeds of any such policy in respect of the
Revolving Loan Priority Collateral and any such award, or any payments in respect of the
Revolving Loan Priority Collateral with respect to a deed in lieu of condemnation, shall, subject
to the rights of the Grantors under the Revolving Loan Documents, (i) first, be paid to Revolving
Loan Agent for the benefit of the Revolving Loan Secured Parties to the extent required under
the Revolving Loan Documents, (ii) second, be paid to Term Loan Agent for the benefit of the
Term Loan Secured Parties to the extent required under the applicable Term Loan Documents,
and (iii) third, be paid to the owner of the subject property or as a court of competent jurisdiction
may otherwise direct or may otherwise be required by applicable law. Until the Discharge of
Revolving Loan Debt, if Term Loan Agent or any other Term Loan Secured Party shall, at any
time, receive any Proceeds of any such insurance policy or any such award or payment, it shall
pay such Proceeds over to Revolving Loan Agent in accordance with the terms of Section 4.2.
(b) So long as the Discharge of Term Loan Debt has not occurred, Term
Loan Agent and the other Term Loan Secured Parties shall have the sole and exclusive right,
subject to the rights of Grantors under the Term Loan Documents, to settle and adjust claims in
respect of the Term Loan Priority Collateral under policies of insurance and to approve any
award granted in any condemnation or similar proceeding, or any deed in lieu of condemnation
in respect of the Term Loan Priority Collateral. So long as the Discharge of Term Loan Debt has
not occurred, all Proceeds of any such policy in respect of the Term Loan Priority Collateral and
any such award, or any payments in respect of the Term Loan Priority Collateral with respect to
a deed in lieu of condemnation, shall, subject to the rights of the Grantors under the Term Loan
Documents, (i) first, be paid to Term Loan Agent for the benefit of the Term Loan Secured
Parties to the extent required under the applicable Term Loan Documents, (ii) second, be paid to
Revolving Loan Agent for the benefit of the Revolving Loan Secured Parties to the extent
required under the Revolving Loan Documents, and (iii) third, be paid to the owner of the subject
property or as a court of competent jurisdiction may otherwise direct or may otherwise be
required by applicable law. Until the Discharge of Term Loan Debt, if Revolving Loan Agent or
any other Revolving Loan Secured Party shall, at any time, receive any Proceeds of any such
insurance policy or any such award or payment, it shall pay such Proceeds over to Term Loan
Agent in accordance with the terms of Section 4.2.
CH\1408709.10
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