Exhibit 10.2 NewPage - Executed ABL Agreement

enforcement of their liens, payments of Term Loan Debt in the ordinary course of business made
with proceeds of the Revolving Loan Priority Collateral, shall be required to be transferred or
paid over to Revolving Loan Agent for the benefit of the Revolving Loan Secured Parties.
(b) So long as the Discharge of Term Loan Debt has not occurred,
whether or not any Insolvency Proceeding has commenced with respect to any Grantor,
Revolving Loan Agent agrees, for itself and on behalf of the other Revolving Loan Secured
Parties, that any Term Loan Priority Collateral or Proceeds thereof or payment with respect
thereto received by Revolving Loan Agent or any other Revolving Loan Secured Party
(including any right of set-off), and including in connection with any insurance policy claim or
any condemnation award (or deed in lieu of condemnation), in each case, in violation of this
Agreement, shall be segregated and held in trust and promptly transferred or paid over to Term
Loan Agent for the benefit of the Term Loan Secured Parties in the same form as received, with
any necessary endorsements or assignments or as a court of competent jurisdiction may
otherwise direct. Term Loan Agent is hereby authorized to make any such endorsements or
assignments as agent for Revolving Loan Agent. This authorization is coupled with an interest
and is irrevocable. Neither payments made by Grantors in respect of the Revolving Loan Debt
with proceeds of loans or advances under the Term Loan Documents nor, so long as the
Revolving Loan Secured Parties or the Term Loan Secured Parties have not commenced
enforcement of their liens, payments of Revolving Loan Debt in the ordinary course of business
made with proceeds of the Term Loan Priority Collateral, shall be required to be transferred or
paid over to Term Loan Agent for the benefit of the Term Loan Secured Parties.
(c) If any Grantor or any Subsidiary of any Grantor proposes to remit
proceeds of Shared Collateral to an Agent (the “Payee Agent”) in connection with a Disposition
and the other Agent (the “Disputing Agent”) asserts in writing to such Grantor or such
Subsidiary, as applicable, and the Payee Agent that such proceeds should be remitted to the
Disputing Agent instead of the Payee Agent, such Grantor or such Subsidiary, as applicable,
shall be permitted to deposit the applicable funds in an escrow account pursuant to the terms of
an escrow agreement reasonably satisfactory to both Agents, and such escrowed funds shall only
be released either pursuant to the terms of such escrow agreement or pursuant to an order of a
court of competent jurisdiction. Once any such funds are deposited in such escrow account in
accordance with the terms of such escrow agreement, such funds shall no longer constitute
property of such Grantor or such Subsidiary, as applicable, and shall, upon resolution of the
dispute as contemplated in the immediately preceding sentence, become the property of the
applicable Agent (on behalf of the Secured Parties for whom such Agent is acting) in accordance
with the terms of this Agreement. Notwithstanding anything in the Revolving Loan Documents
or Term Loan Documents to the contrary, (i) to the extent such Grantor or such Subsidiary, as
applicable, pays any amounts to an escrow account in accordance with this Section 4.2(c), such
Grantor or such Subsidiary, as applicable, shall for all purposes under the Revolving Loan
Documents or the Term Loan Documents, as the case may be, be deemed to have satisfied their
obligation to pay such amounts thereunder (but without in any way reducing the outstanding
amount of Revolving Loan Debt or Term Loan Debt (or any accrued and unpaid interest thereon
(which, for avoidance of doubt, would, pursuant to the terms thereof, continue to accrue in
accordance with the applicable loan documents) until the escrowed amount is applied to the
Revolving Loan Debt or the Term Loan Debt, as the case may be) and, upon final determination
of the application of the escrowed amounts to the Revolving Loan Debt or the Term Loan Debt,
CH\1408709.10
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