Exhibit 10.2 NewPage - Executed ABL Agreement

Borrower has obtained a policy of flood insurance that is in compliance with all
applicable requirements of the Flood Program.
(h) Personal Property Collateral. In order to create in favor of the
Administrative Agent, for the benefit of Secured Parties, a valid, perfected First Priority security
interest in the personal property Collateral, each Credit Party shall have delivered to
Administrative Agent:
(i) UCC financing statements and originals of securities, instruments and
chattel paper, in each case, to the extent required to be delivered on the Effective Date
pursuant to the Pledge and Security Agreement;
(ii) a completed Collateral Questionnaire dated the Effective Date and
executed by an Authorized Officer of each Credit Party, together with all attachments
contemplated thereby;
(iii) satisfactory results of lien searches against each Credit Party;
(iv) fully executed Intellectual Property Security Agreements, in proper
form for filing or recording in the United States Patent and Trademark Office and the
United States Copyright Office, as applicable, memorializing and recording the
encumbrance of the Intellectual Property Assets listed in Schedule 5.2 to the Pledge and
Security Agreement; and
(v) evidence that each Credit Party shall have delivered to the Term
Collateral Agent any intercompany notes (including the Intercompany Note) evidencing
Indebtedness permitted to be incurred pursuant to Section 6.01(b)).
(i)
[Reserved].
(j) Financial Statements. The Administrative Agent and each Arranger shall
have received from Holdings (i) the Historical Financial Statements (it being acknowledged by
Administrative Agent and the Arrangers that the Historical Financial Statements referred to in
clause (i) of the definition thereof have been received prior to the Effective Date) and
(ii) customary pro forma financial statements (it being acknowledged by Administrative Agent
and the Arrangers that all required pro forma financial statements required hereunder have been
received prior to the Effective Date).
(k) Evidence of Insurance. The Administrative Agent shall have received a
certificate from the applicable Credit Party’s insurance broker or other evidence reasonably
satisfactory to it that all insurance required to be maintained pursuant to Section 5.05 is in full
force and effect, together with endorsements naming the Administrative Agent, for the benefit of
Secured Parties, as additional insured and loss payee thereunder to the extent required under
Section 5.05.
(l) Opinions of Counsel to Credit Parties. Subject to Section 5.18, the
Administrative Agents shall have received an executed copy of the favorable written opinions of
counsel for Credit Parties addressed to the Lender Parties as to such matters as Administrative
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