Exhibit 10.2 NewPage - Executed ABL Agreement

(“Environmental Permits”) and is in compliance with the terms and conditions of their
respective Environmental Permits; and
(e) no Lien has been recorded under any Environmental Law with respect to
any Facility; and
(f) to each of Holdings’ and its Subsidiaries’ knowledge, no person with an
indemnity or contribution obligation to Holdings or its Subsidiaries relating to compliance with
or liability under Environmental Law is in default with respect to such obligation; and
(g) Holdings and its Subsidiaries have made available all final (including final
internal, non-privileged) environmental audits and reports in its possession that were prepared
in the four years prior to the date hereof and which materially bear on Holdings’ and each of its
Subsidiaries’ compliance with or liability under Environmental Law, including those
concerning the actual or suspected existence of Hazardous Material at any Facility.
SECTION 4.14
No Defaults.
(a) No Credit Party nor any of its Subsidiaries is in default in the performance,
observance or fulfillment of any of the obligations, covenants or conditions contained in any of
its Contractual Obligations, and no condition exists which, with the giving of notice or the
lapse of time or both, could constitute such a default, except where the consequences, direct or
indirect, of such default or defaults, if any, could not reasonably be expected to have a Material
Adverse Effect.
(b) No Default has occurred and is continuing.
SECTION 4.15 Material Contracts. Schedule 4.15 contains a true, correct and
complete list of all the Material Contracts in effect on the Effective Date, and except as described
thereon, all such Material Contracts are in full force and effect and no defaults exist thereunder
as of the Effective Date.
SECTION 4.16 Governmental Regulation. No Credit Party nor any of its
Subsidiaries is subject to regulation under the Federal Power Act or the Investment Company
Act of 1940 or under any other federal or state statute or regulation which may limit its ability to
incur Indebtedness or which may otherwise render all or any portion of the Obligations
unenforceable. No Credit Party nor any of its Subsidiaries is a “registered investment company”
or a company “controlled” by a “registered investment company” or a “principal underwriter” of
a “registered investment company” as such terms are defined in the Investment Company Act of
1940.
SECTION 4.17
Federal Reserve Regulations.
(a) None of Holdings, Borrower or any of their Subsidiaries is engaged
principally, or as one of its important activities, in the business of extending credit for the
purpose of buying or carrying Margin Stock.
CH\1416587.18
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