Exhibit 10.2 NewPage - Executed ABL Agreement

approvals or consents which will be obtained on or before the Effective Date or the failure of
which to obtain could not reasonably be expected to have a Material Adverse Effect.
SECTION 4.05 Governmental Consents. The execution, delivery and performance
by each Credit Party of the Credit Documents to which it is a party and the consummation of the
transactions contemplated by the Credit Documents do not and will not require any registration
with, consent or approval of, or notice to, or other action to, with or by, any Governmental
Authority except for (a) registrations, consents, approvals, notices and other actions which have
been duly obtained, taken, given or made and are in full force and effect, (b) those registrations,
consents, approvals, notices and other actions, the failure of which to obtain or make could not
reasonably be expected to have a Material Adverse Effect and (c) filings and recordings with
respect to the Collateral to be made, or otherwise delivered to the Administrative Agent for filing
and/or recordation, as of the Effective Date.
SECTION 4.06 Binding Obligation. Each Credit Document has been duly
executed and delivered by each Credit Party that is a party thereto and is the legally valid and
binding obligation of such Credit Party, enforceable against such Credit Party in accordance with
its respective terms, except as may be limited by bankruptcy, insolvency, reorganization,
moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable
principles relating to enforceability.
SECTION 4.07 Historical Financial Statements. The Historical Financial
Statements were prepared (a) in the case of Historical Financial Statements referred to in clause
(i) of the definition thereof, in conformity with GAAP and (b) in the case of Historical Financial
Statements referred to in clause (ii) of the definition thereof, subject to Schedule 4.07, in
conformity with GAAP, and fairly present, subject, in the case of this clause (b), to Schedule
4.07, in all material respects, the financial position, on a consolidated basis, of the Persons
described in such financial statements as at the respective dates thereof and the results of
operations and cash flows, on a consolidated basis, of the Persons described therein for each of
the periods then ended, subject, in the case of any such unaudited financial statements, to
changes resulting from audit and normal year-end adjustments.
SECTION 4.08 Projections. On and as of the Effective Date, the Projections have
been prepared in good faith based upon assumptions that are believed by the preparer thereof to
be reasonable at the time such Projections were furnished to the Lenders, it being understood and
agreed that Projections are subject to uncertainties and contingencies, many of which are beyond
the control of the Credit Parties, and as such, such Projections are not a guarantee of financial
performance and actual results may differ from such Projections and such differences may be
material.
SECTION 4.09 No Material Adverse Effect. Since December 31, 2011, no event,
circumstance or change has occurred that has caused or evidences, or could reasonably be
expected to result in, either in any case or in the aggregate, a Material Adverse Effect other than
(a) those events that would reasonably be expected to result from the filing or commencement of
the Chapter 11 Cases or the announcement of the filing or commencement of the Chapter 11
Cases, (b) any action approved by the Bankruptcy Court prior to the Effective Date, (c) events
set forth in the disclosure statement relating to the Reorganization Plan (provided that changes in
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