Document:

EX-10.5

 Exhibit 10.5 

EXECUTION VERSION 

SUPPLEMENT NO. 1 dated as of January 7, 2015 (this “Supplement”), to the Amended and Restated Collateral Agreement dated
as of August 1, 2014 (the “Collateral Agreement”), among VERSO PAPER HOLDINGS LLC, a Delaware limited liability company (the “Company”), VERSO PAPER INC. (“Finance Co” and, together with the
Company, the “Issuers”), 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 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. 

  
 I-1 

 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. 
 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 Debt 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 1.5 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

  
 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. 

  
 6EX-10.6

 Exhibit 10.6 

EXECUTION VERSION 

SUPPLEMENT NO. 1 dated as of January 7, 2015 (this “Supplement”), to the Collateral Agreement dated as of August 1,
2014 (the “Collateral Agreement”), among VERSO PAPER HOLDINGS LLC, a Delaware limited liability company (the “Company”), VERSO PAPER INC., a Delaware corporation (“Finance Co.” and, together with
the Company, the “Issuers”), each Subsidiary of the Issuers 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, the “Collateral Agent”) for the Secured Parties (as defined therein). 
 A. Reference is made to
the Indenture dated as of August 1, 2014 (as amended, restated, supplemented or otherwise modified from time to time, the “Indenture”), among the Issuers, the Subsidiary Parties and Wilmington Trust, National Association, as
Trustee (the “Trustee”). 
 B. Capitalized terms used herein and not otherwise defined herein shall have the meanings
assigned to such terms in the Indenture and the Collateral Agreement referred to therein. 
 C. The Pledgors have entered into the
Collateral Agreement in order to induce the Trustee to enter into the Indenture. 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 in accordance with the requirements of the Indenture to become a Subsidiary Party under the
Collateral Agreement as consideration for credit previously extended to the Issuers. 
 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 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. 

  
 I-1 

 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. 
 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. 

 EXECUTION VERSION 

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 (New Second 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.	 		 		  	

 Schedule II  

to Supplement No. 1 
 to the
Collateral Agreement 
 PATENTS, TRADEMARKS AND COPYRIGHTS 

None. 

  
 3 

 Schedule III  

to Supplement No. 1 
 to the
Collateral Agreement 
 COMMERCIAL TORT CLAIMS 

None. 

  
 4

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