Document:

EX-10.3

 Exhibit 10.3 

EXECUTION VERSION 

SUPPLEMENT NO. 1 TO GUARANTEE AND COLLATERAL AGREEMENT 

SUPPLEMENT NO. 1 dated as of January 7, 2015 (this “Supplement”), to the Guarantee and Collateral Agreement dated as of
May 4, 2012 (the “Guarantee and Collateral Agreement”), among VERSO PAPER FINANCE HOLDINGS LLC, a Delaware limited liability company (“Holdings”), VERSO PAPER HOLDINGS LLC, a Delaware limited liability company
(the “Company”) each Subsidiary of the Company identified on Schedule I or otherwise identified therein as a party (each, a “Subsidiary Party”), and CITIBANK, N.A., as Administrative Agent (in such capacity,
together with any successor administrative agent, the “Administrative Agent”) for the Secured Parties (as defined therein). 

Section 7.16 of the Guarantee and Collateral Agreement provides that additional Subsidiaries may become Subsidiary Parties under the
Guarantee and Collateral Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary (the “New Subsidiary”) is executing this Supplement to become a Subsidiary Party under the
Guarantee and Collateral Agreement in order to induce the Secured Parties to make or continue extensions of credit. 
 Accordingly, the
Administrative Agent and the New Subsidiary agree as follows: 
 SECTION 1. In accordance with Section 7.16 of the Guarantee and
Collateral Agreement, the New Subsidiary by its signature below becomes a Subsidiary Party, a Guarantor and a Pledgor under the Guarantee and Collateral Agreement with the same force and effect as if originally named therein as a Subsidiary Party, a
Guarantor and a Pledgor, and the New Subsidiary hereby (a) agrees to all the terms and provisions of the Guarantee and Collateral Agreement applicable to it as a Subsidiary Party, a Guarantor and a Pledgor thereunder and (b) represents and
warrants that the representations and warranties made by it as a Guarantor and a Pledgor thereunder are true and correct, in all material respects, on and as of the date hereof. In furtherance of the foregoing, the New Subsidiary, as security for
the payment and performance in full of the Obligations (as defined in the Guarantee and Collateral Agreement), does hereby create and grant to the Administrative Agent, for the ratable benefit of the Secured Parties, a security interest in and Lien
on all the New Subsidiary’s right, title and interest in and to the Collateral (as defined in the Guarantee and Collateral Agreement) of the New Subsidiary. Each reference to a “Subsidiary Party”, a “Guarantor”
or a “Pledgor” in the Guarantee and Collateral Agreement shall be deemed to include the New Subsidiary. The Guarantee and Collateral Agreement is hereby incorporated herein by reference. 

SECTION 2. The New Subsidiary represents and warrants to the Administrative Agent and the other Secured Parties that this Supplement has been
duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to (i) the effects of bankruptcy, insolvency, moratorium, reorganization,
fraudulent conveyance or other similar laws affecting creditors’ rights generally, (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and (iii) implied
covenants of good faith and fair dealing. 

  
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 SECTION 3. This Agreement may be executed in two or more counterparts, each of which shall
constitute an original but all of which when taken together shall constitute but one contract. This Supplement shall become effective when (a) the Administrative Agent shall have received a counterpart of this Supplement that bears the
signature of the New Subsidiary and (b) the Administrative Agent has executed a counterpart hereof. 
 SECTION 4. The New Subsidiary
hereby represents and warrants that (a) set forth on Schedule I attached hereto is a true and correct schedule of all the Pledged Securities of the New Subsidiary as of the date hereof, (b) set forth on Schedule II attached hereto is a
true and correct schedule of all of the material Patents, Trademarks and Copyrights of the New Subsidiary as of the date hereof, (c) set forth on Schedule III attached hereto is a true and correct schedule of all Commercial Tort Claims of the
New Subsidiary individually in excess of $5.0 million as of the date hereof and (d) set forth under its signature hereto, is the true and correct legal name of the New Subsidiary, its jurisdiction of formation and the location of its chief
executive office. 
 SECTION 5. Except as expressly supplemented hereby, the Guarantee and Collateral Agreement shall remain in full force
and effect. 
 SECTION 6. THIS SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS SUPPLEMENT SHALL BE CONSTRUED IN
ACCORDANCE WITH AND GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 7. In the event any one or more of the provisions contained in
this Supplement should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Guarantee and Collateral Agreement shall not in any way be affected or
impaired thereby. The parties shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or
unenforceable provisions. 
 SECTION 8. All communications and notices hereunder shall be in writing and given as provided in
Section 7.01 of the Guarantee and Collateral Agreement. 
 SECTION 9. The New Subsidiary agrees to reimburse the Administrative Agent
for its reasonable out-of-pocket expenses in connection with this Supplement, including the reasonable fees, disbursements and other charges of counsel for the Administrative Agent. 

  
 2 

 IN WITNESS WHEREOF, the New Subsidiary and the Administrative Agent have duly executed this
Supplement to the Guarantee and Collateral Agreement as of the day and year first above written. 
  

			
	NEWPAGE HOLDINGS INC.
		
	By:	 	/s/ Robert P. Mundy
	Name:	 	Robert P. Mundy
	Title:	 	Senior Vice President and Chief
		 	Financial Officer

  

	
	Legal Name: NewPage Holdings Inc.
	
	Jurisdiction of Formation: Delaware
	
	Location of Chief Executive Office:

  

	
	6775 Lenox Center Court, Suite 400
	Memphis, TN 38115-4436
	Attention: Robert P. Mundy
	Fax: (901) 369-4197

  

	
	CITIBANK, N.A.,
	as Administrative Agent

  

			
		
	By:	 	/s/ Brendan Mackay
	Name:	 	Brendan Mackay
	Title:	 	Director

  
 [Signature Page to
Supplement No. 1 to ABL Guarantee and Collateral Agreement] 

 Schedule I 

to Supplement No. 1 to the 

Guarantee and 
 Collateral Agreement

 Pledged Securities of the New Subsidiary 

EQUITY INTERESTS 
  

									
	 Issuer
	 	 Number of Issuer

Certificate
	 	 Registered Owner
	 	 Number and Class of

Equity Interest
	 	 Percentage of
Equity Interests

	 NewPage
 Investment

Company LLC
	 	1	 	NewPage Holdings Inc.	 	 One (1)

membership interest
	 	100%

 DEBT SECURITIES 
  

							
	 Issuer
	 	 Principal Amount
	 	 Date of Note
	 	 Maturity Date

	None.	 		 		 	

  
 4 

 Schedule II 

to Supplement No. 1 to the 

Guarantee and 
 Collateral Agreement

 PATENTS, TRADEMARKS AND COPYRIGHTS 
 None.

  
 5 

 Schedule III 

to Supplement No. 1 to the 

Guarantee and 
 Collateral Agreement

 COMMERCIAL TORT CLAIMS 
 None.

  
 6EX-10.4

 Exhibit 10.4 

EXECUTION VERSION 

SUPPLEMENT NO. 1, dated as of January 7, 2015 (this “Supplement”), to the Collateral Agreement dated as of May 4,
2012 (the “Collateral Agreement”), among VERSO PAPER HOLDINGS LLC, a Delaware limited liability company (the “Company”) each Subsidiary of the Company identified on Schedule I or otherwise identified therein as a
party (each, a “Subsidiary Party”), and Wilmington Trust, National Association, as collateral agent (in such capacity, together with any successor collateral agent, the “Collateral Agent”) for the Secured Parties
(as defined therein). 
 Section 7.16 of the Collateral Agreement provides that additional Subsidiaries may become Subsidiary Parties
under the Collateral Agreement by execution and delivery of an instrument in the form of this Supplement. The undersigned Subsidiary (the “New Subsidiary”) is executing this Supplement to become a Subsidiary Party under the
Collateral Agreement in order to induce the Secured Parties to make or continue extensions of credit. 
 Accordingly, the Collateral Agent
and the New Subsidiary agree as follows: 
 SECTION 1. In accordance with Section 7.16 of the Collateral Agreement, the New Subsidiary
by its signature below becomes a Subsidiary Party and a Pledgor under the Collateral Agreement with the same force and effect as if originally named therein as a Subsidiary Party and a Pledgor, and the New Subsidiary hereby (a) agrees to all
the terms and provisions of the Collateral Agreement applicable to it as a Subsidiary Party and a Pledgor thereunder and (b) represents and warrants that the representations and warranties made by it as a Pledgor thereunder are true and
correct, in all material respects, on and as of the date hereof. In furtherance of the foregoing, the New Subsidiary, as security for the payment and performance in full of the Note Obligations (as defined in the Collateral Agreement), does hereby
create and grant to the Collateral Agent, for the ratable benefit of the Secured Parties, a security interest in and Lien on all the New Subsidiary’s right, title and interest in and to the Collateral (as defined in the Collateral Agreement) of
the New Subsidiary. Each reference to a “Subsidiary Party” or a “Pledgor” in the Collateral Agreement shall be deemed to include the New Subsidiary. The Collateral Agreement is hereby incorporated herein by
reference. 
 SECTION 2. The New Subsidiary represents and warrants to the Collateral Agent and the other Secured Parties that this
Supplement has been duly authorized, executed and delivered by it and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to (i) the effects of bankruptcy, insolvency, moratorium,
reorganization, fraudulent conveyance or other similar laws affecting creditors’ rights generally, (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law) and
(iii) implied covenants of good faith and fair dealing. 
 SECTION 3. This Agreement may be executed in two or more counterparts, each
of which shall constitute an original but all of which when taken together shall constitute but one contract. This Supplement shall become effective when (a) the Collateral Agent shall have received a counterpart of this Supplement that bears the
signature of the New Subsidiary and (b) the Collateral Agent has executed a counterpart hereof. 

  
 I-1 

 SECTION 4. The New Subsidiary hereby represents and warrants that (a) set forth on Schedule
I attached hereto is a true and correct schedule of all the Pledged Securities of the New Subsidiary as of the date hereof, (b) set forth on Schedule II attached hereto is a true and correct schedule of all of the material Patents, Trademarks
and Copyrights of the New Subsidiary as of the date hereof, (c) set forth on Schedule III attached hereto is a true and correct schedule of all Commercial Tort Claims of the New Subsidiary individually in excess of $5.0 million as of the date
hereof and (d) set forth under its signature hereto, is the true and correct legal name of the New Subsidiary, its jurisdiction of formation and the location of its chief executive office. 

SECTION 5. Except as expressly supplemented hereby, the Collateral Agreement shall remain in full force and effect. 

SECTION 6. THIS SUPPLEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS SUPPLEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. 
 SECTION 7. In the event any one or more of the provisions contained in this Supplement
should be held invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained herein and in the Collateral Agreement shall not in any way be affected or impaired thereby. The parties
shall endeavor in good-faith negotiations to replace the invalid, illegal or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the invalid, illegal or unenforceable provisions. 

SECTION 8. All communications and notices hereunder shall be in writing and given as provided in Section 7.01 of the Collateral
Agreement. 
 SECTION 9. The New Subsidiary agrees to reimburse the Collateral Agent for its reasonable out-of-pocket expenses in connection
with this Supplement, including the reasonable fees, disbursements and other charges of counsel for the Collateral Agent. 

  
 I-2 

 IN WITNESS WHEREOF, the New Subsidiary and the Collateral Agent have duly executed this
Supplement to the Collateral Agreement as of the day and year first above written. 
  

			
	NEWPAGE HOLDINGS INC.,
		
	By:	 	/s/ Robert P. Mundy
	Name:	 	Robert P. Mundy
	Title:	 	Senior Vice President and Chief
		 	Financial Officer

  

			
	Legal Name: NewPage Holdings Inc.
	
	Jurisdiction of Formation: Delaware
	
	Location of Chief Executive Office:
	6775 Lenox Center Court, Suite 400
	Memphis, TN 38115-4436
	Attention: Robert P. Mundy
	Fax: (901) 369-4197

  
  

 

			
	WILMINGTON TRUST, NATIONAL
	ASSOCIATION, as Collateral Agent
		
	By:	 	/s/ Jane Schweiger
	Name:	 	Jane Schweiger
	Title:	 	Vice President

 [Signature Page - Supplement to Guarantee and Collateral Agreement (Existing First Lien Notes)]

 Schedule I 

to Supplement No. 1 to the 

Collateral Agreement 
 Pledged
Securities of the New Subsidiary 
 EQUITY INTERESTS 
  

									
	 Issuer
	 	 Number of Issuer

Certificate
	 	 Registered Owner
	 	 Number and Class of

Equity Interest
	 	 Percentage of
Equity Interests

	 NewPage
 Investment

Company LLC
	 	1	 	NewPage Holdings Inc.	 	 One (1)

membership interest
	 	100%

 DEBT SECURITIES 
  

							
	 Issuer
	 	 Principal Amount
	 	 Date of Note
	 	 Maturity Date

None. 

  
 4 

 Schedule II 

to Supplement No. 1 to the 

Collateral Agreement 
 PATENTS,
TRADEMARKS AND COPYRIGHTS 
 None. 

  
 5 

 Schedule III 

to Supplement No. 1 to the 

Collateral Agreement 
 COMMERCIAL
TORT CLAIMS 
 None. 

  
 6

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